235,879 Shares in VanEck Fallen Angel High Yield Bond ETF $ANGL Bought by Money Concepts Capital Corp

Money Concepts Capital Corp purchased a new stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 235,879 shares of the company’s stock, valued at approximately $6,560,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ANGL. Silvia Mccoll Wealth Management LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF during the third quarter worth $3,528,000. Tidal Investments LLC grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 20.5% in the second quarter. Tidal Investments LLC now owns 293,253 shares of the company’s stock worth $8,575,000 after purchasing an additional 49,904 shares during the period. Christensen King & Associates Investment Services Inc. bought a new stake in VanEck Fallen Angel High Yield Bond ETF in the third quarter valued at $549,000. Towneley Capital Management Inc DE bought a new stake in VanEck Fallen Angel High Yield Bond ETF in the third quarter valued at $3,948,000. Finally, Winebrenner Capital Management LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at about $912,000.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.7%

Shares of NASDAQ ANGL opened at $27.44 on Friday. The firm has a market capitalization of $2.83 billion, a P/E ratio of 59.37 and a beta of 0.45. The firm’s 50-day moving average price is $27.90 and its 200-day moving average price is $28.82. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $27.25 and a 1-year high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were paid a dividend of $0.1688 per share. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1583. The ex-dividend date of this dividend was Monday, November 2nd. This represents a $2.03 dividend on an annualized basis and a yield of 7.4%.

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.