Sound Income Strategies LLC Makes New $2.69 Million Investment in VanEck Fallen Angel High Yield Bond ETF $ANGL

Sound Income Strategies LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the 3rd quarter, Holdings Channel reports. The firm purchased 97,328 shares of the company’s stock, valued at approximately $2,690,000.

A number of other large investors also recently modified their holdings of the company. Kensington Asset Management LLC boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 2.2% during the 4th quarter. Kensington Asset Management LLC now owns 1,394,430 shares of the company’s stock valued at $40,968,000 after acquiring an additional 30,560 shares in the last quarter. Wealthcare Advisory Partners LLC raised its position in VanEck Fallen Angel High Yield Bond ETF by 2.8% in the second 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 during the last quarter. Howard Financial Services LTD. boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 3.2% during the second 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 bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the second quarter worth about $17,401,000. Finally, Envestnet Asset Management Inc. grew its holdings 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.

VanEck Fallen Angel High Yield Bond ETF Price Performance

VanEck Fallen Angel High Yield Bond ETF stock opened at $27.68 on Friday. The business has a 50 day moving average of $28.58 and a 200-day moving average of $28.88. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $27.44 and a 1 year high of $29.77. The company has a market capitalization of $3.02 billion, a P/E ratio of 59.37 and a beta of 0.44.

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 issued a dividend of $0.1583 per share. This represents a $1.90 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend was Thursday, October 1st. This is a negative change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1590.

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.