Financial Partners Group Inc Invests $2.68 Million in VanEck Fallen Angel High Yield Bond ETF $ANGL

Financial Partners Group Inc purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 90,087 shares of the company’s stock, valued at approximately $2,678,000. Financial Partners Group Inc owned 0.09% of VanEck Fallen Angel High Yield Bond ETF at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. boosted its position in VanEck Fallen Angel High Yield Bond ETF by 19.6% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 4,192 shares of the company’s stock valued at $123,000 after acquiring an additional 688 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at approximately $129,000. CWM LLC boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 19.9% during the second quarter. CWM LLC now owns 5,218 shares of the company’s stock valued at $153,000 after purchasing an additional 866 shares in the last quarter. HF Advisory Group LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the second quarter worth $202,000. Finally, Meridian Financial LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the second quarter worth $210,000.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.1%

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $29.51 on Monday. VanEck Fallen Angel High Yield Bond ETF has a 12 month low of $26.92 and a 12 month high of $29.75. The firm has a market capitalization of $3.08 billion, a P/E ratio of 59.37 and a beta of 0.44. The business has a fifty day simple moving average of $29.42 and a two-hundred day simple moving average of $29.32.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Friday, November 28th. This represents a c) annualized dividend and a yield of 6.0%.

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.