Melone Private Wealth LLC Boosts Holdings in VanEck Fallen Angel High Yield Bond ETF $ANGL

Melone Private Wealth LLC lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 67.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 352,925 shares of the company’s stock after buying an additional 141,624 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF comprises 4.4% of Melone Private Wealth LLC’s holdings, making the stock its 8th biggest position. Melone Private Wealth LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $10,364,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bank of America Corp DE grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 6.2% in the third quarter. Bank of America Corp DE now owns 20,594,595 shares of the company’s stock valued at $612,277,000 after acquiring an additional 1,193,879 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in VanEck Fallen Angel High Yield Bond ETF by 91.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 738,558 shares of the company’s stock worth $21,957,000 after purchasing an additional 352,445 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 997,627.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 329,250 shares of the company’s stock valued at $9,789,000 after purchasing an additional 329,217 shares during the period. Thrivent Financial for Lutherans bought a new stake in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at about $8,275,000. Finally, Tidal Investments LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter worth approximately $8,244,000.

VanEck Fallen Angel High Yield Bond ETF Stock Down 1.2%

Shares of NASDAQ:ANGL opened at $28.46 on Friday. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.92 and a 12-month high of $29.77. The company’s 50 day moving average price is $29.42 and its two-hundred day moving average price is $29.45. The firm has a market cap of $3.01 billion, a PE ratio of 59.37 and a beta of 0.44.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a dividend of $0.1405 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 5.9%.

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.