Congress Asset Management Co. MA Trims Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Congress Asset Management Co. MA lessened its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 14.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 148,213 shares of the company’s stock after selling 25,904 shares during the quarter. Congress Asset Management Co. MA owned about 0.14% of VanEck Fallen Angel High Yield Bond ETF worth $4,266,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ANGL. RiverFront Investment Group LLC grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 37.1% during the fourth quarter. RiverFront Investment Group LLC now owns 459,999 shares of the company’s stock worth $13,238,000 after purchasing an additional 124,546 shares in the last quarter. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the fourth quarter worth about $6,174,000. Geneos Wealth Management Inc. grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 1.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 26,678 shares of the company’s stock worth $768,000 after purchasing an additional 364 shares in the last quarter. Zimmermann Investment Management & Planning LLC grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 13.6% during the fourth quarter. Zimmermann Investment Management & Planning LLC now owns 129,816 shares of the company’s stock worth $3,736,000 after purchasing an additional 15,556 shares in the last quarter. Finally, Aviance Capital Partners LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter worth approximately $435,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of ANGL opened at $28.50 on Tuesday. The firm has a market cap of $2.94 billion, a P/E ratio of 0.48 and a beta of 0.52. The stock has a 50 day simple moving average of $28.50 and a two-hundred day simple moving average of $28.69. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.28 and a 1 year high of $29.21.

VanEck Fallen Angel High Yield Bond ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, June 6th. Shareholders of record on Monday, June 3rd were paid a $0.1562 dividend. The ex-dividend date was Monday, June 3rd.

VanEck Fallen Angel High Yield Bond ETF Profile

The VanEck Fallen Angel High Yield Bond ETF (ANGL) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of bonds that were rated investment grade at issuance but later downgraded to sub-investment grade. ANGL was launched on Apr 10, 2012 and is managed by VanEck.