1620 Investment Advisors Inc. Has $1.42 Million Stock Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

1620 Investment Advisors Inc. grew its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,397 shares of the company’s stock after buying an additional 1,027 shares during the period. VanEck Fallen Angel High Yield Bond ETF makes up approximately 1.1% of 1620 Investment Advisors Inc.’s holdings, making the stock its 16th biggest position. 1620 Investment Advisors Inc.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $1,416,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 38.1% in the fourth quarter. Van ECK Associates Corp now owns 1,414 shares of the company’s stock worth $41,000 after buying an additional 390 shares during the last quarter. Lowe Wealth Advisors LLC lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 252.0% in the fourth quarter. Lowe Wealth Advisors LLC now owns 2,520 shares of the company’s stock worth $72,000 after buying an additional 1,804 shares during the last quarter. Newbridge Financial Services Group Inc. increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 519.9% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,267 shares of the company’s stock worth $94,000 after purchasing an additional 2,740 shares during the period. Synergy Asset Management LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the fourth quarter worth about $108,000. Finally, US Bancorp DE increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 48.0% in the fourth quarter. US Bancorp DE now owns 4,679 shares of the company’s stock worth $134,000 after purchasing an additional 1,517 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

VanEck Fallen Angel High Yield Bond ETF stock opened at $28.97 on Friday. The business’s 50-day simple moving average is $28.92 and its 200-day simple moving average is $29.00. The firm has a market capitalization of $3.00 billion, a PE ratio of 60.45 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $26.98 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 Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a $0.1361 dividend. The ex-dividend date was Monday, March 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.