Tidal Investments LLC Purchases Shares of 212,486 VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Tidal Investments LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 212,486 shares of the company’s stock, valued at approximately $6,249,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ANGL. Triad Wealth Partners LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter worth $25,000. EverSource Wealth Advisors LLC increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 138.8% during the second quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock valued at $26,000 after purchasing an additional 522 shares during the period. Assetmark Inc. raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 281.2% during the third quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock valued at $40,000 after purchasing an additional 1,001 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the third quarter worth about $45,000. Finally, Cultivar Capital Inc. bought a new position in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at about $121,000.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.2 %

ANGL stock opened at $29.07 on Friday. The firm’s 50-day moving average is $29.06 and its two-hundred day moving average is $28.90. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $26.98 and a 52 week high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were paid a dividend of $0.1568 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.47%.

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.