VanEck Fallen Angel High Yield Bond ETF $ANGL Stock Holdings Increased by Plan Group Financial LLC

Plan Group Financial LLC raised its position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 64.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 146,061 shares of the company’s stock after buying an additional 57,369 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF comprises 1.2% of Plan Group Financial LLC’s portfolio, making the stock its 24th largest position. Plan Group Financial LLC owned approximately 0.14% of VanEck Fallen Angel High Yield Bond ETF worth $4,342,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ANGL. Newbridge Financial Services Group Inc. lifted its position in shares of 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 buying an additional 688 shares during the last quarter. Darwin Wealth Management LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the second quarter valued at approximately $129,000. CWM LLC raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 19.9% during the 2nd quarter. CWM LLC now owns 5,218 shares of the company’s stock worth $153,000 after purchasing an additional 866 shares during the period. HF Advisory Group LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth approximately $202,000. Finally, Meridian Financial LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter valued at approximately $210,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

ANGL stock opened at $29.56 on Wednesday. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 59.37 and a beta of 0.44. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.92 and a 1 year high of $29.75. The stock’s fifty day moving average is $29.40 and its two-hundred day moving average is $29.37.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 29th were given a $0.1599 dividend. The ex-dividend date was Monday, December 29th. This represents a c) annualized dividend and a yield of 6.5%. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15.

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.