Storen Legacy Partners LLC Takes $16.73 Million Position in VanEck Fallen Angel High Yield Bond ETF $ANGL

Storen Legacy Partners LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 569,702 shares of the company’s stock, valued at approximately $16,729,000. VanEck Fallen Angel High Yield Bond ETF comprises about 5.2% of Storen Legacy Partners LLC’s investment portfolio, making the stock its 6th largest holding. Storen Legacy Partners LLC owned about 0.54% of VanEck Fallen Angel High Yield Bond ETF at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. IFC & Insurance Marketing Inc. bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the fourth quarter valued at $26,000. Caldwell Trust Co grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 306.3% in the fourth quarter. Caldwell Trust Co now owns 1,028 shares of the company’s stock worth $30,000 after purchasing an additional 775 shares during the last quarter. Raleigh Capital Management Inc. bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the fourth quarter worth $35,000. SHP Wealth Management acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at $98,000. Finally, Assetmark Inc. increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 766.4% in the fourth quarter. Assetmark Inc. now owns 3,431 shares of the company’s stock valued at $101,000 after purchasing an additional 3,035 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of ANGL opened at $29.18 on Friday. The company has a market capitalization of $3.06 billion, a PE ratio of 59.37 and a beta of 0.43. VanEck Fallen Angel High Yield Bond ETF has a 12 month low of $28.35 and a 12 month high of $29.77. The stock’s 50-day moving average price is $29.12 and its two-hundred day moving average price is $29.26.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were given a dividend of $0.1535 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date was Monday, June 1st.

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.