Kestra Private Wealth Services LLC Buys 108,748 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL

Kestra Private Wealth Services LLC increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 50.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 325,035 shares of the company’s stock after buying an additional 108,748 shares during the period. Kestra Private Wealth Services LLC owned 0.31% of VanEck Fallen Angel High Yield Bond ETF worth $9,335,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of ANGL. Southern Farm Bureau Life Insurance raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 110.1% in the 4th quarter. Southern Farm Bureau Life Insurance now owns 2,587,512 shares of the company’s stock valued at $76,045,000 after acquiring an additional 1,356,065 shares during the period. Bank of America Corp DE boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 6.2% during the third quarter. Bank of America Corp DE now owns 20,594,595 shares of the company’s stock worth $612,277,000 after acquiring an additional 1,193,879 shares during the period. Storen Legacy Partners LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at approximately $16,729,000. Integrated Wealth Concepts LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 91.3% in the third quarter. Integrated Wealth Concepts LLC now owns 738,558 shares of the company’s stock valued at $21,957,000 after purchasing an additional 352,445 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 21.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,960,664 shares of the company’s stock worth $57,575,000 after purchasing an additional 348,040 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.2%

NASDAQ:ANGL opened at $29.24 on Friday. The stock has a 50 day simple moving average of $29.12 and a 200 day simple moving average of $29.25. The stock has a market cap of $3.07 billion, a P/E 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.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were given a dividend of $0.1535 per share. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a yield of 6.3%.

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.