VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Shares Purchased by LPL Financial LLC

LPL Financial LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 7.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 3,772,806 shares of the company’s stock after buying an additional 246,899 shares during the period. LPL Financial LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $110,958,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Creekside Partners boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 7.5% during the third quarter. Creekside Partners now owns 24,885 shares of the company’s stock valued at $732,000 after acquiring an additional 1,742 shares during the last quarter. Wrapmanager Inc. boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 13.0% during the 3rd quarter. Wrapmanager Inc. now owns 238,637 shares of the company’s stock worth $7,018,000 after purchasing an additional 27,418 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 10.5% during the third quarter. OneDigital Investment Advisors LLC now owns 193,813 shares of the company’s stock worth $5,700,000 after buying an additional 18,338 shares in the last quarter. Snider Financial Group raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 3.1% in the third quarter. Snider Financial Group now owns 35,360 shares of the company’s stock valued at $1,040,000 after buying an additional 1,072 shares during the last quarter. Finally, Comprehensive Wealth Management LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 9.3% during the third quarter. Comprehensive Wealth Management LLC now owns 15,235 shares of the company’s stock valued at $448,000 after buying an additional 1,295 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.1 %

ANGL stock opened at $28.98 on Friday. The stock’s fifty day simple moving average is $29.10 and its 200-day simple moving average is $28.84. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.98 and a 52-week high of $29.47. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently declared 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. This represents a $1.88 dividend on an annualized basis and a yield of 6.49%. The ex-dividend date was Friday, November 1st.

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.