VanEck Fallen Angel High Yield Bond ETF $ANGL Stock Purchased by Howard Financial Services LTD.

Howard Financial Services LTD. boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 4.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 708,506 shares of the company’s stock after purchasing an additional 32,933 shares during the period. VanEck Fallen Angel High Yield Bond ETF comprises 2.1% of Howard Financial Services LTD.’s portfolio, making the stock its 15th largest holding. Howard Financial Services LTD. owned about 0.65% of VanEck Fallen Angel High Yield Bond ETF worth $19,704,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mather Group LLC. bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter valued at $492,000. Mezzasalma Advisors LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the third quarter worth $682,000. Accel Wealth Management bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the third quarter worth $3,399,000. Avior Wealth Management LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the third quarter worth $1,369,000. Finally, Paller Financial Services Inc increased its position in VanEck Fallen Angel High Yield Bond ETF by 2.9% during the third quarter. Paller Financial Services Inc now owns 44,695 shares of the company’s stock valued at $1,243,000 after acquiring an additional 1,265 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

ANGL stock opened at $27.52 on Thursday. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $27.44 and a fifty-two week high of $29.77. The business’s 50-day moving average is $28.50 and its two-hundred day moving average is $28.86. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 59.37 and a beta of 0.44.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

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