Mezzasalma Advisors LLC Purchases New Stake in VanEck Fallen Angel High Yield Bond ETF $ANGL

Mezzasalma Advisors LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 22,901 shares of the company’s stock, valued at approximately $673,000.

Other large investors have also added to or reduced their stakes in the company. Spire Wealth Management raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 4.4% during the third quarter. Spire Wealth Management now owns 9,075 shares of the company’s stock valued at $270,000 after acquiring an additional 385 shares during the last quarter. Continuum Advisory LLC grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 1.4% in the third quarter. Continuum Advisory LLC now owns 35,536 shares of the company’s stock worth $1,056,000 after purchasing an additional 486 shares during the last quarter. Perissos Private Wealth Management LLC grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 0.9% in the third quarter. Perissos Private Wealth Management LLC now owns 62,637 shares of the company’s stock worth $1,862,000 after purchasing an additional 542 shares during the last quarter. NewEdge Advisors LLC increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 0.8% during the 3rd quarter. NewEdge Advisors LLC now owns 71,378 shares of the company’s stock valued at $2,122,000 after purchasing an additional 547 shares during the period. Finally, Global View Capital Management LLC increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 7.1% during the 2nd quarter. Global View Capital Management LLC now owns 9,043 shares of the company’s stock valued at $265,000 after purchasing an additional 599 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Price Performance

ANGL opened at $28.81 on Monday. VanEck Fallen Angel High Yield Bond ETF has a one year low of $26.92 and a one year high of $29.77. The business has a 50 day simple moving average of $29.24 and a two-hundred day simple moving average of $29.39. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 59.37 and a beta of 0.44.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 7th. Investors of record on Wednesday, April 1st will be issued a dividend of $0.1745 per share. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date is Wednesday, April 1st.

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.