VanEck Fallen Angel High Yield Bond ETF $ANGL Stock Position Lifted by Capital Investment Advisors LLC

Capital Investment Advisors LLC raised its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 9.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,657,979 shares of the company’s stock after buying an additional 326,747 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF accounts for about 1.6% of Capital Investment Advisors LLC’s holdings, making the stock its 9th biggest position. Capital Investment Advisors LLC owned approximately 3.40% of VanEck Fallen Angel High Yield Bond ETF worth $107,417,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. increased its position in VanEck Fallen Angel High Yield Bond ETF by 19.6% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 4,192 shares of the company’s stock worth $123,000 after purchasing an additional 688 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter valued at about $129,000. Equitable Holdings Inc. acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter valued at about $201,000. Clear Creek Financial Management LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at approximately $221,000. Finally, Corient Private Wealth LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the second quarter worth approximately $229,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of NASDAQ:ANGL opened at $28.41 on Friday. The stock has a market capitalization of $3.00 billion, a P/E ratio of 59.37 and a beta of 0.44. The business has a 50-day moving average of $29.32 and a two-hundred day moving average of $29.42. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.92 and a fifty-two week high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1405 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 5.9%.

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.