Geneos Wealth Management Inc. Has $764,000 Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Geneos Wealth Management Inc. cut its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 1.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,321 shares of the company’s stock after selling 357 shares during the period. Geneos Wealth Management Inc.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $764,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. ORG Partners LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at about $33,000. Pineridge Advisors LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the 4th quarter valued at approximately $50,000. First Horizon Advisors Inc. lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 61.0% in the 4th quarter. First Horizon Advisors Inc. now owns 3,612 shares of the company’s stock worth $104,000 after acquiring an additional 1,369 shares during the period. Tidemark LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter worth approximately $118,000. Finally, J.W. Cole Advisors Inc. acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 1st quarter worth approximately $202,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of NASDAQ ANGL traded up $0.12 during trading hours on Thursday, reaching $28.59. The stock had a trading volume of 676,808 shares, compared to its average volume of 1,166,366. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $26.28 and a twelve month high of $29.21. The business’s fifty day moving average is $28.52 and its two-hundred day moving average is $28.67.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, July 1st were paid a $0.1507 dividend. The ex-dividend date of this dividend was Monday, July 1st.

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.