Darrow Company Inc. Has $1.69 Million Stock Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Darrow Company Inc. raised its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 46.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,539 shares of the company’s stock after buying an additional 18,202 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF accounts for 1.0% of Darrow Company Inc.’s holdings, making the stock its 23rd biggest holding. Darrow Company Inc. owned 0.05% of VanEck Fallen Angel High Yield Bond ETF worth $1,692,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Triad Wealth Partners LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter worth $25,000. EverSource Wealth Advisors LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 138.8% in the second quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock valued at $26,000 after buying an additional 522 shares in the last quarter. Pineridge Advisors LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at about $50,000. Gleason Group Inc. acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at about $55,000. Finally, SageView Advisory Group LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the first quarter valued at about $92,000.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.1 %

NASDAQ:ANGL opened at $29.09 on Friday. The stock’s 50-day simple moving average is $29.10 and its 200 day simple moving average is $28.75. The firm has a market capitalization of $3.13 billion, a PE 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 $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a $0.1501 dividend. The ex-dividend date was Tuesday, September 3rd.

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.