Hershey Financial Advisers LLC Invests $4.08 Million in VanEck Fallen Angel High Yield Bond ETF $ANGL

Hershey Financial Advisers LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 142,113 shares of the company’s stock, valued at approximately $4,081,000. VanEck Fallen Angel High Yield Bond ETF comprises approximately 3.5% of Hershey Financial Advisers LLC’s holdings, making the stock its 4th biggest position. Hershey Financial Advisers LLC owned 0.14% of VanEck Fallen Angel High Yield Bond ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Fortune Financial Advisors LLC raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 2.9% in the 4th quarter. Fortune Financial Advisors LLC now owns 14,772 shares of the company’s stock worth $434,000 after acquiring an additional 418 shares during the last quarter. 1620 Investment Advisors Inc. boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 0.8% during the 4th quarter. 1620 Investment Advisors Inc. now owns 52,607 shares of the company’s stock valued at $1,545,000 after purchasing an additional 436 shares during the last quarter. Meridian Financial Advisors LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 4.6% during the 1st quarter. Meridian Financial Advisors LLC now owns 11,176 shares of the company’s stock valued at $321,000 after purchasing an additional 490 shares during the last quarter. IFP Advisors Inc boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 1.8% during the 4th quarter. IFP Advisors Inc now owns 28,855 shares of the company’s stock valued at $847,000 after purchasing an additional 499 shares during the last quarter. Finally, Truist Financial Corp increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 3.6% in the 4th quarter. Truist Financial Corp now owns 14,593 shares of the company’s stock worth $429,000 after purchasing an additional 504 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

ANGL stock opened at $29.04 on Friday. The stock has a market capitalization of $3.10 billion, a P/E ratio of 59.37 and a beta of 0.42. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $28.35 and a 1-year high of $29.77. The business has a fifty day moving average price of $29.07 and a 200-day moving average price of $29.22.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a $0.171 dividend. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date was Wednesday, July 1st. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15.

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.