Allworth Financial LP Has $10.99 Million Position in VanEck Fallen Angel High Yield Bond ETF $ANGL

Allworth Financial LP raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 12.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 369,499 shares of the company’s stock after acquiring an additional 40,943 shares during the quarter. Allworth Financial LP owned approximately 0.35% of VanEck Fallen Angel High Yield Bond ETF worth $10,985,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. raised 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 valued at $123,000 after purchasing an additional 688 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the second quarter worth $129,000. Equitable Holdings Inc. bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the third quarter worth $201,000. Clear Creek Financial Management LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the third quarter valued at $221,000. Finally, RFG Advisory LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the third quarter valued at $232,000.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.2%

VanEck Fallen Angel High Yield Bond ETF stock opened at $28.80 on Friday. The stock has a 50-day simple moving average of $29.45 and a 200 day simple moving average of $29.46. The stock has a market capitalization of $3.04 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 $29.77.

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 paid a $0.1405 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend 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.