OneDigital Investment Advisors LLC Grows Stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

OneDigital Investment Advisors LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 10.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 193,813 shares of the company’s stock after buying an additional 18,338 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $5,700,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. LPL Financial LLC lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 4.4% in the second quarter. LPL Financial LLC now owns 3,525,907 shares of the company’s stock valued at $99,783,000 after acquiring an additional 148,241 shares in the last quarter. Capital Investment Advisors LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 3.9% during the 2nd quarter. Capital Investment Advisors LLC now owns 3,000,290 shares of the company’s stock worth $84,908,000 after purchasing an additional 113,818 shares during the last quarter. 1832 Asset Management L.P. grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 0.9% during the second quarter. 1832 Asset Management L.P. now owns 1,229,659 shares of the company’s stock worth $34,799,000 after buying an additional 10,666 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 3.6% in the second quarter. Bank of New York Mellon Corp now owns 1,188,234 shares of the company’s stock valued at $33,627,000 after buying an additional 40,902 shares during the last quarter. Finally, Evergreen Capital Management LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 1.7% in the second quarter. Evergreen Capital Management LLC now owns 994,173 shares of the company’s stock worth $28,135,000 after buying an additional 16,388 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of NASDAQ ANGL opened at $28.93 on Friday. The stock 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 12-month low of $26.98 and a 12-month high of $29.47. The company has a 50-day moving average of $29.12 and a 200 day moving average of $28.82.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were given 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 dividend yield of 6.50%.

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.