113,337 Shares in VanEck Fallen Angel High Yield Bond ETF $ANGL Acquired by Stewardship Advisors LLC

Stewardship Advisors LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 113,337 shares of the company’s stock, valued at approximately $3,152,000. Stewardship Advisors LLC owned 0.10% of VanEck Fallen Angel High Yield Bond ETF at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Wealthcare Advisory Partners LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 2.8% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 708,131 shares of the company’s stock valued at $20,706,000 after acquiring an additional 19,295 shares during the period. Howard Financial Services LTD. lifted its position in VanEck Fallen Angel High Yield Bond ETF by 3.2% during the second quarter. Howard Financial Services LTD. now owns 690,639 shares of the company’s stock valued at $20,194,000 after purchasing an additional 21,463 shares in the last quarter. Ocean Park Asset Management LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF during the second quarter valued at $17,401,000. Envestnet Asset Management Inc. lifted its position in VanEck Fallen Angel High Yield Bond ETF by 12.8% during the second quarter. Envestnet Asset Management Inc. now owns 587,488 shares of the company’s stock valued at $17,178,000 after purchasing an additional 66,478 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 8.3% during the first quarter. Cetera Investment Advisers now owns 480,849 shares of the company’s stock valued at $13,810,000 after purchasing an additional 36,662 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.1%

NASDAQ:ANGL traded up $0.01 during mid-day trading on Tuesday, hitting $27.32. 625,809 shares of the company traded hands, compared to its average volume of 878,330. The stock’s fifty day moving average price is $28.41 and its 200-day moving average price is $28.84. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 59.37 and a beta of 0.44. VanEck Fallen Angel High Yield Bond ETF has a one year low of $27.25 and a one year high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a dividend of $0.1583 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend was Thursday, October 1st. This is a decrease from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1590.

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.