Fifth Third Securities Inc. Buys New Position in VanEck Fallen Angel High Yield Bond ETF $ANGL

Fifth Third Securities Inc. bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the 3rd quarter, Holdings Channel reports. The firm bought 90,255 shares of the company’s stock, valued at approximately $2,510,000.

A number of other hedge funds have also recently modified their holdings of ANGL. Meridian Financial Advisors LLC raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 4.6% in the first quarter. Meridian Financial Advisors LLC now owns 11,176 shares of the company’s stock worth $321,000 after buying an additional 490 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 1.4% during the 1st quarter. Sanctuary Advisors LLC now owns 41,538 shares of the company’s stock worth $1,193,000 after acquiring an additional 555 shares during the last quarter. Eagle Bay Advisors LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 3.6% during the 1st quarter. Eagle Bay Advisors LLC now owns 16,960 shares of the company’s stock worth $487,000 after acquiring an additional 588 shares during the last quarter. Kaizen Financial Strategies lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 4.5% during the 1st quarter. Kaizen Financial Strategies now owns 14,766 shares of the company’s stock worth $432,000 after acquiring an additional 642 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 0.8% during the 1st quarter. Royal Bank of Canada now owns 123,157 shares of the company’s stock valued at $3,537,000 after acquiring an additional 917 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.3%

ANGL opened at $27.40 on Thursday. The business has a fifty day moving average of $28.34 and a 200 day moving average of $28.82. The stock has a market cap of $2.99 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 $27.25 and a 52-week high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a dividend of $0.1583 per share. This represents a $1.90 annualized dividend and a dividend yield of 6.9%. This is a negative change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1590. The ex-dividend date was Thursday, October 1st.

About VanEck Fallen Angel High Yield Bond ETF

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.