Truist Financial Corp Has $1.36 Million Stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Truist Financial Corp boosted its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,116 shares of the company’s stock after buying an additional 347 shares during the quarter. Truist Financial Corp’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $1,362,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ANGL. Millennium Management LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the second quarter worth $21,998,000. Strategic Financial Concepts LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 2,993.0% in the second quarter. Strategic Financial Concepts LLC now owns 557,519 shares of the company’s stock worth $15,778,000 after purchasing an additional 539,494 shares in the last quarter. Jane Street Group LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the first quarter worth $14,510,000. Bank of Montreal Can boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 482.2% in the second quarter. Bank of Montreal Can now owns 541,407 shares of the company’s stock worth $15,463,000 after purchasing an additional 448,415 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 208.3% in the first quarter. Cetera Investment Advisers now owns 516,743 shares of the company’s stock worth $14,996,000 after purchasing an additional 349,129 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

VanEck Fallen Angel High Yield Bond ETF stock opened at $29.09 on Friday. The firm has a market cap of $3.13 billion, a P/E ratio of 0.48 and a beta of 0.52. The business’s fifty day moving average is $29.10 and its two-hundred day moving average is $28.75. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $26.28 and a 52 week high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a $0.1501 dividend. The ex-dividend date was Tuesday, September 3rd.

VanEck Fallen Angel High Yield Bond ETF Company 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.