Lowe Wealth Advisors LLC Boosts Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Lowe Wealth Advisors LLC grew its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 252.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,520 shares of the company’s stock after buying an additional 1,804 shares during the quarter. Lowe Wealth Advisors LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $72,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. LPL Financial LLC lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 7.0% in the third quarter. LPL Financial LLC now owns 3,772,806 shares of the company’s stock valued at $110,958,000 after acquiring an additional 246,899 shares in the last quarter. Cerity Partners LLC raised its stake in VanEck Fallen Angel High Yield Bond ETF by 2.6% in the 3rd quarter. Cerity Partners LLC now owns 2,802,413 shares of the company’s stock valued at $82,419,000 after purchasing an additional 70,163 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in VanEck Fallen Angel High Yield Bond ETF by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,376,646 shares of the company’s stock valued at $40,487,000 after purchasing an additional 38,164 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 0.9% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,229,659 shares of the company’s stock worth $34,799,000 after purchasing an additional 10,666 shares during the last quarter. Finally, Evergreen Capital Management LLC grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 1.7% during the second quarter. Evergreen Capital Management LLC now owns 994,173 shares of the company’s stock worth $28,135,000 after buying an additional 16,388 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.4 %

Shares of ANGL traded down $0.12 on Friday, hitting $28.57. 1,141,740 shares of the stock traded hands, compared to its average volume of 1,001,365. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.98 and a 1 year high of $29.47. The stock’s 50 day moving average is $28.94 and its two-hundred day moving average is $28.93. The firm has a market capitalization of $3.06 billion, a P/E ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 27th were paid a dividend of $0.1564 per share. The ex-dividend date was Friday, December 27th. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15.

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.