Oppenheimer & Co. Inc. Purchases 66,952 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL

Oppenheimer & Co. Inc. purchased a new stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 66,952 shares of the company’s stock, valued at approximately $1,862,000.

Several other large investors have also bought and sold shares of the stock. Apollon Wealth Management LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter worth $234,000. Sigma Planning Corp purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the third quarter valued at about $3,455,000. Bright Futures Wealth Management LLC. purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the third quarter valued at about $296,000. Simplicity Wealth LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the third quarter valued at about $201,000. Finally, Lantern Wealth Advisors LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at about $377,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

ANGL opened at $27.68 on Friday. The company’s 50-day moving average is $28.15 and its 200 day moving average is $28.90. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $27.25 and a fifty-two week high of $29.77. The firm has a market capitalization of $2.99 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. Shareholders of record on Thursday, October 1st were given a $0.1583 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend was Thursday, October 1st. This is a negative change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1590.

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.