Darrow Company Inc. Buys 21,615 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Darrow Company Inc. grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 37.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,154 shares of the company’s stock after buying an additional 21,615 shares during the period. VanEck Fallen Angel High Yield Bond ETF accounts for approximately 1.3% of Darrow Company Inc.’s portfolio, making the stock its 18th largest holding. Darrow Company Inc. owned approximately 0.08% of VanEck Fallen Angel High Yield Bond ETF worth $2,269,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Strategic Financial Concepts LLC raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 2,872.6% during the fourth quarter. Strategic Financial Concepts LLC now owns 611,573 shares of the company’s stock valued at $17,534,000 after acquiring an additional 590,999 shares in the last quarter. Silver Oak Securities Incorporated increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 50.3% during the fourth quarter. Silver Oak Securities Incorporated now owns 48,059 shares of the company’s stock valued at $1,375,000 after acquiring an additional 16,088 shares in the last quarter. Elm3 Financial Group LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the fourth quarter valued at $207,000. Financial Advocates Investment Management boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 8.3% during the fourth quarter. Financial Advocates Investment Management now owns 13,935 shares of the company’s stock valued at $400,000 after buying an additional 1,065 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the fourth quarter valued at $424,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

VanEck Fallen Angel High Yield Bond ETF stock opened at $28.99 on Friday. The stock has a market capitalization of $3.00 billion, a PE ratio of 0.48 and a beta of 0.52. The business’s fifty day moving average is $28.91 and its 200 day moving average is $28.99. 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 company also recently announced 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 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.