Kestra Private Wealth Services LLC Raises Stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Kestra Private Wealth Services LLC boosted its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 10.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 103,308 shares of the company’s stock after buying an additional 9,837 shares during the period. Kestra Private Wealth Services LLC owned approximately 0.10% of VanEck Fallen Angel High Yield Bond ETF worth $2,962,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ANGL. Assetmark Inc. raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 281.2% in the 3rd quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock valued at $40,000 after acquiring an additional 1,001 shares during the period. Fortitude Family Office LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at $45,000. Lowe Wealth Advisors LLC raised its position in VanEck Fallen Angel High Yield Bond ETF by 252.0% in the fourth quarter. Lowe Wealth Advisors LLC now owns 2,520 shares of the company’s stock valued at $72,000 after purchasing an additional 1,804 shares during the period. Synergy Asset Management LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the fourth quarter worth about $108,000. Finally, Elm3 Financial Group LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the fourth quarter worth about $207,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

ANGL stock opened at $28.91 on Tuesday. The firm has a market cap of $2.99 billion, a P/E ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.98 and a 1 year high of $29.47. The stock has a 50-day simple moving average of $28.90 and a 200-day simple moving average of $28.99.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a $0.1563 dividend. The ex-dividend date of this dividend was Monday, February 3rd.

VanEck Fallen Angel High Yield Bond ETF 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.