141,952 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL Purchased by Towneley Capital Management Inc DE

Towneley Capital Management Inc DE bought a new position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 141,952 shares of the company’s stock, valued at approximately $3,948,000. VanEck Fallen Angel High Yield Bond ETF makes up about 0.8% of Towneley Capital Management Inc DE’s portfolio, making the stock its 17th largest holding. Towneley Capital Management Inc DE owned 0.13% of VanEck Fallen Angel High Yield Bond ETF at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Kensington Asset Management LLC boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 2.2% in the fourth quarter. Kensington Asset Management LLC now owns 1,394,430 shares of the company’s stock valued at $40,968,000 after purchasing an additional 30,560 shares during the period. Wealthcare Advisory Partners LLC raised its position 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 valued at $20,706,000 after purchasing an additional 19,295 shares in the last quarter. Howard Financial Services LTD. raised its position in VanEck Fallen Angel High Yield Bond ETF by 3.2% during 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 purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth $17,401,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 12.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 587,488 shares of the company’s stock worth $17,178,000 after buying an additional 66,478 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.0%

Shares of VanEck Fallen Angel High Yield Bond ETF stock traded up $0.01 during trading on Friday, hitting $27.64. 286,282 shares of the stock traded hands, compared to its average volume of 871,732. The firm has a market cap of $3.02 billion, a P/E ratio of 59.37 and a beta of 0.44. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $27.44 and a 52-week high of $29.77. The stock’s fifty day simple moving average is $28.61 and its 200 day simple moving average is $28.89.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a dividend of $0.1583 per share. This is a negative change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1590. 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%.

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.