SeaCrest Wealth Management LLC Makes New Investment in VanEck Fallen Angel High Yield Bond ETF $ANGL

SeaCrest Wealth Management LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,876 shares of the company’s stock, valued at approximately $553,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC grew its holdings in 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 worth $20,706,000 after acquiring an additional 19,295 shares in the last quarter. Howard Financial Services LTD. raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 3.2% in the 2nd 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 acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at about $17,401,000. Envestnet Asset Management Inc. lifted its position in shares of 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 worth $17,178,000 after purchasing an additional 66,478 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of 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 worth $13,810,000 after purchasing an additional 36,662 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

NASDAQ:ANGL traded up $0.02 during mid-day trading on Friday, reaching $27.55. The stock had a trading volume of 763,704 shares, compared to its average volume of 898,697. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 59.37 and a beta of 0.44. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $27.25 and a 1-year high of $29.77. The stock’s 50 day simple moving average is $28.28 and its two-hundred day simple moving average is $28.80.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a dividend of $0.1583 per share. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $1.90 dividend on an annualized basis and a yield of 6.9%. This is a drop 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.