GFS Advisors LLC Purchases New Shares in VanEck Fallen Angel High Yield Bond ETF $ANGL

GFS Advisors LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 24,432 shares of the company’s stock, valued at approximately $717,000.

A number of other hedge funds also recently bought and sold shares of ANGL. Fortune Financial Advisors LLC lifted its stake in shares of 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 valued at $434,000 after purchasing an additional 418 shares during the last quarter. 1620 Investment Advisors Inc. lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 0.8% in 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. IFP Advisors Inc lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 1.8% in 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. Truist Financial Corp lifted its stake 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 valued at $429,000 after purchasing an additional 504 shares during the last quarter. Finally, Perissos Private Wealth Management LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 0.9% in the 3rd quarter. Perissos Private Wealth Management LLC now owns 62,637 shares of the company’s stock valued at $1,862,000 after purchasing an additional 542 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

NASDAQ:ANGL opened at $29.00 on Wednesday. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 59.37 and a beta of 0.43. 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 50 day simple moving average of $29.07 and a 200-day simple moving average of $29.27.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were issued a $0.1535 dividend. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date was Monday, June 1st.

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.