Financial Services Advisory Inc Raises Stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Financial Services Advisory Inc boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 4.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 46,273 shares of the company’s stock after buying an additional 1,823 shares during the quarter. Financial Services Advisory Inc’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $1,361,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ANGL. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 74.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 65,848 shares of the company’s stock worth $1,911,000 after buying an additional 28,124 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 3.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 119,305 shares of the company’s stock worth $3,462,000 after purchasing an additional 3,953 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 6.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 228,317 shares of the company’s stock valued at $6,626,000 after purchasing an additional 13,550 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 9.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 82,304 shares of the company’s stock valued at $2,388,000 after purchasing an additional 7,360 shares during the period. Finally, Allen Investment Management LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 1st quarter valued at $297,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

ANGL stock opened at $28.91 on Thursday. The firm’s fifty day moving average is $29.13 and its 200 day moving average is $28.79. The firm has a market cap of $3.04 billion, a PE ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a one year low of $26.98 and a one year high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a $0.1568 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.88 dividend on an annualized basis and a yield of 6.51%.

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.