Howard Financial Services LTD. Has $20.19 Million Holdings in VanEck Fallen Angel High Yield Bond ETF $ANGL

Howard Financial Services LTD. raised its position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 3.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 690,639 shares of the company’s stock after purchasing an additional 21,463 shares during the period. VanEck Fallen Angel High Yield Bond ETF accounts for about 2.0% of Howard Financial Services LTD.’s investment portfolio, making the stock its 15th largest position. Howard Financial Services LTD.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $20,194,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. IFC & Insurance Marketing Inc. bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter valued at approximately $26,000. Caldwell Trust Co increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 306.3% in the fourth quarter. Caldwell Trust Co now owns 1,028 shares of the company’s stock worth $30,000 after buying an additional 775 shares during the last quarter. Raleigh Capital Management Inc. bought a new position in VanEck Fallen Angel High Yield Bond ETF during the fourth quarter valued at approximately $35,000. Western Wealth Management LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF during the first quarter valued at approximately $49,000. Finally, SHP Wealth Management acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at approximately $98,000.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.4%

NASDAQ ANGL opened at $28.97 on Wednesday. The stock has a market capitalization of $3.04 billion, a PE ratio of 59.37 and a beta of 0.42. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $28.35 and a 12-month high of $29.77. The company has a 50 day moving average price of $29.06 and a two-hundred day moving average price of $29.17.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd will be issued a dividend of $0.1684 per share. The ex-dividend date is Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%.

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.