Marshall Financial Group LLC Decreases Stock Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Marshall Financial Group LLC reduced its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 4.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,682 shares of the company’s stock after selling 555 shares during the period. Marshall Financial Group LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $308,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Tcfg Wealth Management LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 3.5% during the fourth quarter. Tcfg Wealth Management LLC now owns 10,199 shares of the company’s stock worth $292,000 after purchasing an additional 347 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 38.1% during the 4th quarter. Van ECK Associates Corp now owns 1,414 shares of the company’s stock valued at $41,000 after acquiring an additional 390 shares during the period. Jaffetilchin Investment Partners LLC grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 1.6% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 29,371 shares of the company’s stock valued at $842,000 after purchasing an additional 462 shares during the last quarter. Interactive Financial Advisors Inc. raised its position in VanEck Fallen Angel High Yield Bond ETF by 0.7% during the fourth quarter. Interactive Financial Advisors Inc. now owns 91,014 shares of the company’s stock worth $2,609,000 after acquiring an additional 674 shares during the last quarter. Finally, HBW Advisory Services LLC lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 7.3% in the 1st quarter. HBW Advisory Services LLC now owns 10,291 shares of the company’s stock valued at $297,000 after buying an additional 697 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of NASDAQ ANGL opened at $28.77 on Friday. The firm has a market cap of $2.85 billion, a P/E ratio of 59.37 and a beta of 0.52. The firm’s 50 day moving average price is $28.34 and its 200 day moving average price is $28.69. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.92 and a 1 year high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd were given a $0.1546 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.86 annualized dividend and a dividend yield of 6.45%. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15.

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.