Cypress Financial Planning LLC Has $13.73 Million Position in VanEck Fallen Angel High Yield Bond ETF $ANGL

Cypress Financial Planning LLC boosted its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 6.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 467,398 shares of the company’s stock after acquiring an additional 27,857 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF accounts for 3.8% of Cypress Financial Planning LLC’s portfolio, making the stock its 9th largest position. Cypress Financial Planning LLC owned about 0.43% of VanEck Fallen Angel High Yield Bond ETF worth $13,732,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its position in VanEck Fallen Angel High Yield Bond ETF by 6.2% during the 3rd quarter. Bank of America Corp DE now owns 20,594,595 shares of the company’s stock worth $612,277,000 after acquiring an additional 1,193,879 shares during the period. Integrated Wealth Concepts LLC increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 91.3% during the third quarter. Integrated Wealth Concepts LLC now owns 738,558 shares of the company’s stock valued at $21,957,000 after purchasing an additional 352,445 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 997,627.3% during the third quarter. Tower Research Capital LLC TRC now owns 329,250 shares of the company’s stock valued at $9,789,000 after purchasing an additional 329,217 shares during the period. Capital Investment Advisors LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 9.8% during the fourth quarter. Capital Investment Advisors LLC now owns 3,657,979 shares of the company’s stock valued at $107,417,000 after purchasing an additional 326,747 shares in the last quarter. Finally, Thrivent Financial for Lutherans bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the second quarter valued at about $8,275,000.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.4%

ANGL stock opened at $28.41 on Friday. The company has a 50-day simple moving average of $29.32 and a 200 day simple moving average of $29.42. The company has a market capitalization of $3.00 billion, a P/E 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 $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

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