Accel Wealth Management Acquires New Position in VanEck Fallen Angel High Yield Bond ETF $ANGL

Accel Wealth Management purchased a new stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 122,208 shares of the company’s stock, valued at approximately $3,399,000. Accel Wealth Management owned about 0.11% of VanEck Fallen Angel High Yield Bond ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of ANGL. Wealthcare Advisory Partners LLC grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 2.8% in the second quarter. Wealthcare Advisory Partners LLC now owns 708,131 shares of the company’s stock valued at $20,706,000 after purchasing an additional 19,295 shares during the period. Howard Financial Services LTD. increased its stake in VanEck Fallen Angel High Yield Bond ETF by 3.2% during the 2nd quarter. Howard Financial Services LTD. now owns 690,639 shares of the company’s stock worth $20,194,000 after buying an additional 21,463 shares in the last quarter. Ocean Park Asset Management LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at approximately $17,401,000. Envestnet Asset Management Inc. boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 12.8% in the second quarter. Envestnet Asset Management Inc. now owns 587,488 shares of the company’s stock worth $17,178,000 after acquiring an additional 66,478 shares during the last quarter. Finally, Storen Legacy Partners LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the fourth quarter worth $16,729,000.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.3%

NASDAQ:ANGL traded down $0.07 during trading hours on Tuesday, hitting $27.62. The company had a trading volume of 805,500 shares, compared to its average volume of 872,562. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $27.44 and a 1 year high of $29.77. The company has a 50-day moving average of $28.56 and a 200 day moving average of $28.88. The company has a market cap of $3.01 billion, a P/E ratio of 59.37 and a beta of 0.44.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a $0.1583 dividend. The ex-dividend date was Thursday, October 1st. This represents a $1.90 annualized dividend and a dividend yield of 6.9%. This is a drop from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1590.

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.