Darrow Company Inc. Acquires New Shares in VanEck Fallen Angel High Yield Bond ETF $ANGL

Darrow Company Inc. bought a new stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 149,772 shares of the company’s stock, valued at approximately $4,167,000. VanEck Fallen Angel High Yield Bond ETF makes up 1.7% of Darrow Company Inc.’s holdings, making the stock its 20th biggest position. Darrow Company Inc. owned about 0.14% of VanEck Fallen Angel High Yield Bond ETF as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ANGL. Ocean Park Asset Management LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the second quarter worth $17,401,000. Janney Montgomery Scott LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 1,633.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 433,373 shares of the company’s stock valued at $12,446,000 after acquiring an additional 408,373 shares during the period. NBT Bank N A NY grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 2,631.8% in the 1st quarter. NBT Bank N A NY now owns 198,572 shares of the company’s stock valued at $5,703,000 after acquiring an additional 191,303 shares during the period. Hershey Financial Advisers LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 1st quarter valued at about $4,081,000. Finally, Towneley Capital Management Inc DE bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at about $3,948,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of ANGL stock opened at $27.53 on Friday. The firm’s 50-day moving average is $28.31 and its 200-day moving average is $28.81. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 59.37 and a beta of 0.44. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $27.25 and a 52-week high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

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

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.