24,522 Shares in VanEck Fallen Angel High Yield Bond ETF $ANGL Bought by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,522 shares of the company’s stock, valued at approximately $682,000.

Other institutional investors also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC lifted its holdings in VanEck Fallen Angel High Yield Bond ETF by 2.8% in the second quarter. Wealthcare Advisory Partners LLC now owns 708,131 shares of the company’s stock valued at $20,706,000 after acquiring an additional 19,295 shares during the period. Howard Financial Services LTD. grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 3.2% during the 2nd quarter. Howard Financial Services LTD. now owns 690,639 shares of the company’s stock valued at $20,194,000 after purchasing an additional 21,463 shares during the period. Ocean Park Asset Management LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter valued at about $17,401,000. Envestnet Asset Management Inc. increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 12.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 587,488 shares of the company’s stock valued at $17,178,000 after purchasing an additional 66,478 shares during the last quarter. Finally, Storen Legacy Partners LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 4th quarter valued at about $16,729,000.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.4%

ANGL stock traded down $0.10 during midday trading on Wednesday, reaching $27.52. 1,284,893 shares of the company’s stock traded hands, compared to its average volume of 874,674. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $27.44 and a 52-week high of $29.77. The stock has a market cap of $3.00 billion, a P/E ratio of 59.37 and a beta of 0.44. The stock’s 50-day moving average is $28.50 and its 200 day moving average is $28.86.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a dividend of $0.1583 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend was Thursday, October 1st. This is a negative change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1590.

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.