Nomura Asset Management Co. Ltd. Has $538,000 Position in VanEck Fallen Angel High Yield Bond ETF $ANGL

Nomura Asset Management Co. Ltd. reduced its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 91.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,318 shares of the company’s stock after selling 200,850 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $538,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Jane Street Group LLC increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 12.3% in the first quarter. Jane Street Group LLC now owns 326,655 shares of the company’s stock valued at $9,427,000 after buying an additional 35,746 shares in the last quarter. Creative Planning acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at $269,000. Qube Research & Technologies Ltd increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 32.9% in the second quarter. Qube Research & Technologies Ltd now owns 25,745 shares of the company’s stock valued at $754,000 after buying an additional 6,377 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at $129,000. Finally, Ausdal Financial Partners Inc. increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 32.7% in the second quarter. Ausdal Financial Partners Inc. now owns 54,257 shares of the company’s stock valued at $1,589,000 after buying an additional 13,374 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of NASDAQ:ANGL opened at $28.94 on Friday. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $28.35 and a twelve month high of $29.77. The firm has a market cap of $3.04 billion, a PE ratio of 59.37 and a beta of 0.43. The business has a fifty day moving average of $29.05 and a 200-day moving average of $29.28.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were paid a $0.1535 dividend. The ex-dividend date was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%.

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.