Echo45 Advisors LLC Acquires New Stake in VanEck Fallen Angel High Yield Bond ETF $ANGL

Echo45 Advisors LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 155,198 shares of the company’s stock, valued at approximately $4,557,000. VanEck Fallen Angel High Yield Bond ETF comprises approximately 2.6% of Echo45 Advisors LLC’s portfolio, making the stock its 12th largest holding.

Other large investors have also made changes to their positions in the company. AE Wealth Management LLC boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 5.1% during the third quarter. AE Wealth Management LLC now owns 514,602 shares of the company’s stock valued at $15,299,000 after acquiring an additional 25,076 shares during the last quarter. Emissary Wealth LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the fourth quarter valued at $6,795,000. Atlantic Edge Private Wealth Management LLC boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 10.0% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 216,900 shares of the company’s stock valued at $6,369,000 after acquiring an additional 19,734 shares during the last quarter. Optivise Advisory Services LLC boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 80.3% during the fourth quarter. Optivise Advisory Services LLC now owns 50,753 shares of the company’s stock valued at $1,490,000 after acquiring an additional 22,610 shares during the last quarter. Finally, Paller Financial Services Inc acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the fourth quarter valued at $1,272,000.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.3%

ANGL opened at $29.00 on Friday. The firm has a market cap of $3.04 billion, a P/E ratio of 59.37 and a beta of 0.43. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $28.35 and a 52 week high of $29.77. The business’s fifty day simple moving average is $28.98 and its 200 day simple moving average is $29.29.

VanEck Fallen Angel High Yield Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were given a dividend of $0.1563 per share. The ex-dividend date was Friday, May 1st. This represents a c) annualized dividend and a yield of 6.5%.

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.