Cypress Financial Planning LLC Acquires 28,438 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL

Cypress Financial Planning LLC increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 6.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 439,541 shares of the company’s stock after acquiring an additional 28,438 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF comprises about 4.0% of Cypress Financial Planning LLC’s investment portfolio, making the stock its 9th largest holding. Cypress Financial Planning LLC owned approximately 0.42% of VanEck Fallen Angel High Yield Bond ETF worth $13,068,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ANGL. Cooper Financial Group grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 4.4% during the 3rd quarter. Cooper Financial Group now owns 116,789 shares of the company’s stock worth $3,472,000 after purchasing an additional 4,962 shares in the last quarter. 1620 Investment Advisors Inc. boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 1.6% in the third quarter. 1620 Investment Advisors Inc. now owns 52,171 shares of the company’s stock valued at $1,551,000 after buying an additional 827 shares during the period. Destiny Wealth Partners LLC grew its position in VanEck Fallen Angel High Yield Bond ETF by 7.3% during the third quarter. Destiny Wealth Partners LLC now owns 375,144 shares of the company’s stock worth $11,153,000 after buying an additional 25,599 shares in the last quarter. McAlister Sweet & Associates Inc. grew its position in VanEck Fallen Angel High Yield Bond ETF by 29.2% during the third quarter. McAlister Sweet & Associates Inc. now owns 15,051 shares of the company’s stock worth $447,000 after buying an additional 3,400 shares in the last quarter. Finally, Corient Private Wealth LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter worth $229,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of NASDAQ ANGL opened at $29.46 on Friday. The business has a fifty day moving average price of $29.41 and a two-hundred day moving average price of $29.28. The stock has a market capitalization of $3.07 billion, a PE ratio of 59.37 and a beta of 0.44. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.92 and a fifty-two week high of $29.75.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

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

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.