VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Shares Bought by US Financial Advisors LLC

US Financial Advisors LLC raised its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 3.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 167,309 shares of the company’s stock after acquiring an additional 5,443 shares during the period. VanEck Fallen Angel High Yield Bond ETF makes up 1.5% of US Financial Advisors LLC’s investment portfolio, making the stock its 20th largest holding. US Financial Advisors LLC owned 0.16% of VanEck Fallen Angel High Yield Bond ETF worth $4,921,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. LPL Financial LLC boosted its position in VanEck Fallen Angel High Yield Bond ETF by 4.4% during the second quarter. LPL Financial LLC now owns 3,525,907 shares of the company’s stock worth $99,783,000 after purchasing an additional 148,241 shares in the last quarter. Capital Investment Advisors LLC grew its stake in VanEck Fallen Angel High Yield Bond ETF by 3.9% in the 2nd quarter. Capital Investment Advisors LLC now owns 3,000,290 shares of the company’s stock valued at $84,908,000 after acquiring an additional 113,818 shares during the last quarter. 1832 Asset Management L.P. increased its holdings in 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 valued at $34,799,000 after acquiring an additional 10,666 shares in the last quarter. Bank of New York Mellon Corp raised its position in VanEck Fallen Angel High Yield Bond ETF by 3.6% during the second quarter. Bank of New York Mellon Corp now owns 1,188,234 shares of the company’s stock worth $33,627,000 after acquiring an additional 40,902 shares during the last quarter. Finally, Evergreen Capital Management LLC lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 1.7% in the second quarter. Evergreen Capital Management LLC now owns 994,173 shares of the company’s stock valued at $28,135,000 after purchasing an additional 16,388 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of ANGL opened at $28.91 on Thursday. 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 has a market cap of $3.04 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. The firm has a 50 day simple moving average of $29.13 and a 200-day simple moving average of $28.79.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were given a $0.1568 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.88 annualized dividend and a dividend yield of 6.51%.

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.