Panoramic Investment Advisors LLC Raises Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Panoramic Investment Advisors LLC grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 57.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 11,329 shares of the company’s stock after purchasing an additional 4,118 shares during the quarter. Panoramic Investment Advisors LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $329,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ANGL. Ancora Advisors LLC raised its stake in VanEck Fallen Angel High Yield Bond ETF by 6.6% in the 3rd quarter. Ancora Advisors LLC now owns 27,126 shares of the company’s stock worth $734,000 after acquiring an additional 1,677 shares during the last quarter. Ameriprise Financial Inc. raised its stake in VanEck Fallen Angel High Yield Bond ETF by 53.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,060,940 shares of the company’s stock worth $55,796,000 after acquiring an additional 721,999 shares during the last quarter. Shepherd Kaplan Krochuk LLC raised its stake in VanEck Fallen Angel High Yield Bond ETF by 2.7% in the 3rd quarter. Shepherd Kaplan Krochuk LLC now owns 287,592 shares of the company’s stock worth $7,782,000 after acquiring an additional 7,525 shares during the last quarter. Scotia Capital Inc. raised its stake in VanEck Fallen Angel High Yield Bond ETF by 4.8% in the 3rd quarter. Scotia Capital Inc. now owns 558,455 shares of the company’s stock worth $15,112,000 after acquiring an additional 25,653 shares during the last quarter. Finally, Baker Avenue Asset Management LP purchased a new position in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter worth $264,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

ANGL stock traded up $0.03 during midday trading on Tuesday, reaching $28.14. The stock had a trading volume of 390,003 shares, compared to its average volume of 1,184,546. The stock has a market cap of $2.90 billion, a PE ratio of 0.48 and a beta of 0.52. The firm has a fifty day simple moving average of $28.52 and a two-hundred day simple moving average of $28.70. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.28 and a 52-week high of $29.21.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, July 1st will be given a dividend of $0.1507 per share. The ex-dividend date is Monday, July 1st.

About VanEck Fallen Angel High Yield Bond ETF

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.