Hershey Financial Advisers LLC Takes Position in VanEck Fallen Angel High Yield Bond ETF $ANGL

Hershey Financial Advisers LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 135,319 shares of the company’s stock, valued at approximately $3,962,000. VanEck Fallen Angel High Yield Bond ETF accounts for 3.5% of Hershey Financial Advisers LLC’s investment portfolio, making the stock its 5th largest holding. Hershey Financial Advisers LLC owned 0.13% of VanEck Fallen Angel High Yield Bond ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of ANGL. Integrity Alliance LLC. bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 1st quarter valued at about $8,553,000. Tidal Investments LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the second quarter worth approximately $8,244,000. ACT Advisors LLC. bought a new stake in VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at approximately $7,543,000. Wealth Enhancement Advisory Services LLC boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 109.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 370,272 shares of the company’s stock valued at $10,805,000 after acquiring an additional 193,590 shares during the last quarter. Finally, Raymond James Financial Inc. increased its position in VanEck Fallen Angel High Yield Bond ETF by 26.6% during the 1st quarter. Raymond James Financial Inc. now owns 842,473 shares of the company’s stock valued at $24,314,000 after purchasing an additional 176,759 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

VanEck Fallen Angel High Yield Bond ETF stock opened at $29.40 on Friday. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 59.37 and a beta of 0.44. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.92 and a 52-week high of $29.75. The firm has a 50 day moving average price of $29.42 and a two-hundred day moving average price of $29.26.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 3rd. Investors of record on Friday, November 28th were paid a dividend of $0.1471 per share. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend was Friday, November 28th.

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.