Advyzon Investment Management LLC Purchases 19,276 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL

Advyzon Investment Management LLC raised its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 15.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 144,502 shares of the company’s stock after buying an additional 19,276 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF accounts for about 0.7% of Advyzon Investment Management LLC’s investment portfolio, making the stock its 29th largest position. Advyzon Investment Management LLC owned about 0.14% of VanEck Fallen Angel High Yield Bond ETF worth $4,296,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans bought a new stake in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at $8,275,000. Tidal Investments LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at $8,244,000. Live Oak Investment Partners bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at about $6,237,000. Capital Investment Advisors LLC grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 4.5% in the 3rd quarter. Capital Investment Advisors LLC now owns 3,331,232 shares of the company’s stock valued at $99,038,000 after buying an additional 143,113 shares during the period. Finally, Ocean Park Asset Management LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 14.9% in the 3rd quarter. Ocean Park Asset Management LLC now owns 1,049,200 shares of the company’s stock valued at $31,193,000 after purchasing an additional 135,800 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of NASDAQ:ANGL opened at $29.75 on Friday. The company’s fifty day simple moving average is $29.53 and its 200 day simple moving average is $29.46. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 59.37 and a beta of 0.44. VanEck Fallen Angel High Yield Bond ETF has a 12 month low of $26.92 and a 12 month high of $29.78.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a $0.1591 dividend. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend was Monday, February 2nd.

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.