Sigma Planning Corp Acquires New Stake in VanEck Fallen Angel High Yield Bond ETF $ANGL

Sigma Planning Corp bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 124,240 shares of the company’s stock, valued at approximately $3,455,000. Sigma Planning Corp owned approximately 0.12% of VanEck Fallen Angel High Yield Bond ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ANGL. Parkside Financial Bank & Trust bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth $38,000. Tompkins Financial Corp acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the third quarter valued at $43,000. Western Wealth Management LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the first quarter valued at $49,000. Compass Financial Management LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF during the second quarter valued at about $82,000. Finally, TD Waterhouse Canada Inc. bought a new position in VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at about $83,000.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.3%

NASDAQ:ANGL opened at $27.64 on Tuesday. The business’s 50-day moving average price is $28.28 and its 200 day moving average price is $28.95. The firm has a market cap of $2.98 billion, a P/E ratio of 59.37 and a beta of 0.44. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $27.25 and a 52-week high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a $0.1583 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend was Thursday, October 1st. This is a negative change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1590.

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.