Dougherty & Associates LLC Makes New Investment in VanEck Fallen Angel High Yield Bond ETF $ANGL

Dougherty & Associates LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the 4th quarter, Holdings Channel.com reports. The fund purchased 75,172 shares of the company’s stock, valued at approximately $2,207,000. VanEck Fallen Angel High Yield Bond ETF accounts for about 2.0% of Dougherty & Associates LLC’s investment portfolio, making the stock its 15th largest holding.

Other hedge funds have also added to or reduced their stakes in the company. Caldwell Trust Co lifted its stake in 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 VanEck Fallen Angel High Yield Bond ETF in the fourth quarter worth $35,000. Assetmark Inc. lifted its stake 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 worth $101,000 after purchasing an additional 3,035 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF in the second quarter worth $129,000. Finally, Nwam LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter worth $200,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

VanEck Fallen Angel High Yield Bond ETF stock opened at $28.82 on Monday. The company has a market capitalization of $3.02 billion, a PE ratio of 59.37 and a beta of 0.43. The firm has a fifty day simple moving average of $29.00 and a two-hundred day simple moving average of $29.31. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $28.35 and a twelve month high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were paid a dividend of $0.1563 per share. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend was Friday, May 1st.

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.