Mezzasalma Advisors LLC Acquires Shares of 22,901 VanEck Fallen Angel High Yield Bond ETF $ANGL

Mezzasalma Advisors LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 22,901 shares of the company’s stock, valued at approximately $673,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ANGL. Accel Wealth Management increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 9.9% during the fourth quarter. Accel Wealth Management now owns 123,911 shares of the company’s stock valued at $3,639,000 after buying an additional 11,134 shares during the period. Savvy Advisors Inc. lifted its holdings in VanEck Fallen Angel High Yield Bond ETF by 1.2% in the fourth quarter. Savvy Advisors Inc. now owns 72,526 shares of the company’s stock worth $2,130,000 after buying an additional 844 shares during the period. HF Advisory Group LLC boosted its position in VanEck Fallen Angel High Yield Bond ETF by 294.6% during the 4th quarter. HF Advisory Group LLC now owns 26,984 shares of the company’s stock valued at $793,000 after acquiring an additional 20,145 shares in the last quarter. Applied Capital LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the 4th quarter valued at approximately $291,000. Finally, Investment Partners Asset Management Inc. purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth approximately $265,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of NASDAQ:ANGL opened at $28.81 on Monday. The firm has a market capitalization of $3.02 billion, a P/E ratio of 59.37 and a beta of 0.44. The stock has a 50 day moving average price of $29.24 and a 200-day moving average price of $29.39. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.92 and a 52-week high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 7th. Shareholders of record on Wednesday, April 1st will be issued a $0.1745 dividend. This represents a c) dividend on an annualized basis and a yield of 7.3%. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date is Wednesday, April 1st.

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.