Fifth Third Securities Inc. Has $2.55 Million Stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Fifth Third Securities Inc. increased its position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,770 shares of the company’s stock after acquiring an additional 1,257 shares during the quarter. Fifth Third Securities Inc.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $2,545,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ANGL. Assetmark Inc. raised its stake in VanEck Fallen Angel High Yield Bond ETF by 281.2% during the 3rd quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock worth $40,000 after buying an additional 1,001 shares during the period. Fortitude Family Office LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at $45,000. Lowe Wealth Advisors LLC lifted its position in VanEck Fallen Angel High Yield Bond ETF by 252.0% during the 4th quarter. Lowe Wealth Advisors LLC now owns 2,520 shares of the company’s stock worth $72,000 after buying an additional 1,804 shares in the last quarter. Synergy Asset Management LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the fourth quarter worth about $108,000. Finally, Great Valley Advisor Group Inc. boosted its position in VanEck Fallen Angel High Yield Bond ETF by 6.5% during the third quarter. Great Valley Advisor Group Inc. now owns 8,826 shares of the company’s stock valued at $260,000 after purchasing an additional 540 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.1 %

NASDAQ:ANGL opened at $29.04 on Friday. The firm has a fifty day simple moving average of $28.92 and a 200 day simple moving average of $28.98. 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 capitalization of $3.01 billion, a PE 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. Investors of record on Friday, December 27th were issued a dividend of $0.1564 per share. The ex-dividend date was Friday, December 27th. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15.

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.