230,474 Shares in VanEck Fallen Angel High Yield Bond ETF $ANGL Acquired by Live Oak Investment Partners

Live Oak Investment Partners bought a new position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the third quarter, HoldingsChannel.com reports. The fund bought 230,474 shares of the company’s stock, valued at approximately $6,237,000. VanEck Fallen Angel High Yield Bond ETF accounts for 3.1% of Live Oak Investment Partners’ portfolio, making the stock its 6th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Arkadios Wealth Advisors grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 3.3% in the third quarter. Arkadios Wealth Advisors now owns 39,629 shares of the company’s stock worth $1,178,000 after acquiring an additional 1,261 shares during the period. Stewardship Advisors LLC lifted its holdings in VanEck Fallen Angel High Yield Bond ETF by 3.1% in the third quarter. Stewardship Advisors LLC now owns 113,665 shares of the company’s stock valued at $3,379,000 after acquiring an additional 3,431 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in VanEck Fallen Angel High Yield Bond ETF by 6.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 392,387 shares of the company’s stock worth $11,611,000 after purchasing an additional 22,115 shares during the last quarter. FAS Wealth Partners Inc. grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 1.0% during the 3rd quarter. FAS Wealth Partners Inc. now owns 223,309 shares of the company’s stock valued at $6,639,000 after purchasing an additional 2,242 shares during the period. Finally, Smithbridge Asset Management Inc. DE purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter valued at about $788,000.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.0%

Shares of NASDAQ:ANGL opened at $29.58 on Tuesday. The stock has a market capitalization of $3.13 billion, a PE ratio of 59.37 and a beta of 0.44. The firm’s 50 day moving average price is $29.43 and its 200-day moving average price is $29.38. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $26.92 and a twelve month high of $29.75.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 29th were paid a dividend of $0.1599 per share. The ex-dividend date was Monday, December 29th. This represents a c) annualized dividend and a dividend 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.