43,313 Shares in VanEck Fallen Angel High Yield Bond ETF $ANGL Bought by Paller Financial Services Inc

Paller Financial Services Inc purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 43,313 shares of the company’s stock, valued at approximately $1,272,000.

Several other large investors have also added to or reduced their stakes in ANGL. Newbridge Financial Services Group Inc. raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 19.6% in the second quarter. Newbridge Financial Services Group Inc. now owns 4,192 shares of the company’s stock worth $123,000 after purchasing an additional 688 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the second quarter worth about $129,000. Equitable Holdings Inc. purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the third quarter valued at approximately $201,000. Clear Creek Financial Management LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the third quarter valued at approximately $221,000. Finally, Corient Private Wealth LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth approximately $229,000.

VanEck Fallen Angel High Yield Bond ETF Trading Up 1.1%

ANGL opened at $28.72 on Wednesday. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.92 and a 12-month high of $29.77. The firm has a market capitalization of $3.03 billion, a PE ratio of 59.37 and a beta of 0.44. The firm has a 50 day moving average of $29.29 and a two-hundred day moving average of $29.41.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.1405 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%.

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.