Mutual Advisors LLC Makes New $1.31 Million Investment in VanEck Fallen Angel High Yield Bond ETF $ANGL

Mutual Advisors LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 44,453 shares of the company’s stock, valued at approximately $1,305,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 6.2% during the 3rd quarter. Bank of America Corp DE now owns 20,594,595 shares of the company’s stock worth $612,277,000 after purchasing an additional 1,193,879 shares during the period. Capital Investment Advisors LLC increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 9.8% during the 4th quarter. Capital Investment Advisors LLC now owns 3,657,979 shares of the company’s stock worth $107,417,000 after purchasing an additional 326,747 shares during the period. Cerity Partners LLC increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 4.1% during the 3rd quarter. Cerity Partners LLC now owns 3,171,491 shares of the company’s stock worth $94,288,000 after purchasing an additional 124,871 shares during the period. Southern Farm Bureau Life Insurance increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 110.1% during the 4th quarter. Southern Farm Bureau Life Insurance now owns 2,587,512 shares of the company’s stock worth $76,045,000 after purchasing an additional 1,356,065 shares during the period. Finally, Horizon Investments LLC increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 33.9% during the 3rd quarter. Horizon Investments LLC now owns 1,011,664 shares of the company’s stock worth $29,763,000 after purchasing an additional 256,193 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

NASDAQ:ANGL opened at $29.14 on Monday. The firm’s 50-day moving average is $29.10 and its 200-day moving average is $29.34. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $28.17 and a 52-week high of $29.77. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 59.37 and a beta of 0.43.

VanEck Fallen Angel High Yield Bond ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st will be issued a dividend of $0.1563 per share. The ex-dividend date is Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 6.4%.

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.