Howard Financial Services LTD. Increases Holdings in VanEck Fallen Angel High Yield Bond ETF $ANGL

Howard Financial Services LTD. increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 6.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 587,331 shares of the company’s stock after acquiring an additional 34,451 shares during the period. VanEck Fallen Angel High Yield Bond ETF comprises approximately 2.1% of Howard Financial Services LTD.’s portfolio, making the stock its 14th biggest holding. Howard Financial Services LTD.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $17,461,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ANGL. NewEdge Advisors LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 10.0% in the 1st quarter. NewEdge Advisors LLC now owns 89,728 shares of the company’s stock worth $2,590,000 after purchasing an additional 8,189 shares during the period. Ashton Thomas Private Wealth LLC lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 5.0% in the first quarter. Ashton Thomas Private Wealth LLC now owns 33,643 shares of the company’s stock worth $971,000 after buying an additional 1,606 shares in the last quarter. Jane Street Group LLC boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 12.3% during the first quarter. Jane Street Group LLC now owns 326,655 shares of the company’s stock worth $9,427,000 after acquiring an additional 35,746 shares during the last quarter. Integrity Alliance LLC. bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the first quarter worth $8,553,000. Finally, WBI Investments LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF during the first quarter valued at $428,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of NASDAQ ANGL opened at $29.52 on Thursday. The company has a market cap of $3.16 billion, a P/E ratio of 59.37 and a beta of 0.44. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.92 and a 52-week high of $29.75. The firm’s fifty day moving average is $29.39 and its two-hundred day moving average is $29.35.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 29th were issued a $0.1599 dividend. This represents a c) annualized dividend and a dividend yield of 6.5%. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Monday, December 29th.

VanEck Fallen Angel High Yield Bond ETF 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.