Brass Tax Wealth Management Inc. Boosts Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Brass Tax Wealth Management Inc. boosted its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 276.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,276 shares of the company’s stock after buying an additional 35,468 shares during the period. Brass Tax Wealth Management Inc.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $1,420,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Truist Financial Corp boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 0.7% during the 2nd quarter. Truist Financial Corp now owns 48,116 shares of the company’s stock worth $1,362,000 after purchasing an additional 347 shares in the last quarter. Jaffetilchin Investment Partners LLC boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 1.2% during the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 28,909 shares of the company’s stock worth $850,000 after purchasing an additional 350 shares in the last quarter. Delta Investment Management LLC boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 2.6% during the 2nd quarter. Delta Investment Management LLC now owns 19,069 shares of the company’s stock worth $540,000 after purchasing an additional 492 shares in the last quarter. Financial Advocates Investment Management boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 4.0% during the 3rd quarter. Financial Advocates Investment Management now owns 12,870 shares of the company’s stock worth $379,000 after purchasing an additional 495 shares in the last quarter. Finally, Retirement Guys Formula LLC boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 0.9% during the 3rd quarter. Retirement Guys Formula LLC now owns 54,649 shares of the company’s stock worth $1,607,000 after purchasing an additional 510 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of NASDAQ ANGL traded down $0.05 during trading on Friday, hitting $29.07. 141,431 shares of the company were exchanged, compared to its average volume of 978,317. The company has a market cap of $3.06 billion, a price-to-earnings 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 firm’s fifty day moving average price is $29.06 and its 200 day moving average price is $28.90.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a dividend of $0.1568 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.88 annualized dividend and a dividend yield of 6.47%.

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.