Cetera Advisor Networks LLC Increases Stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Cetera Advisor Networks LLC increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 35.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 155,786 shares of the company’s stock after buying an additional 41,014 shares during the period. Cetera Advisor Networks LLC owned about 0.15% of VanEck Fallen Angel High Yield Bond ETF worth $4,326,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Citigroup Inc. increased its stake in VanEck Fallen Angel High Yield Bond ETF by 4.4% during the 2nd quarter. Citigroup Inc. now owns 263,647 shares of the company’s stock worth $7,321,000 after buying an additional 11,132 shares during the period. Cetera Investment Advisers increased its stake in VanEck Fallen Angel High Yield Bond ETF by 10.8% during the 2nd quarter. Cetera Investment Advisers now owns 154,993 shares of the company’s stock worth $4,304,000 after buying an additional 15,161 shares during the period. Baker Ellis Asset Management LLC increased its stake in VanEck Fallen Angel High Yield Bond ETF by 5.9% during the 2nd quarter. Baker Ellis Asset Management LLC now owns 59,281 shares of the company’s stock worth $1,646,000 after buying an additional 3,325 shares during the period. Flow Traders U.S. LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at approximately $206,000. Finally, Lokken Investment Group LLC increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 50.0% in the 2nd quarter. Lokken Investment Group LLC now owns 24,084 shares of the company’s stock valued at $669,000 after purchasing an additional 8,028 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.2 %

Shares of NASDAQ:ANGL opened at $27.76 on Tuesday. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $26.28 and a 52 week high of $28.44. The company’s 50 day moving average is $27.02 and its two-hundred day moving average is $27.33. The company has a market cap of $2.44 billion, a PE ratio of 59.99 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, November 7th. Shareholders of record on Thursday, November 2nd were given a $0.135 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date was Wednesday, November 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.