Towneley Capital Management Inc DE Boosts Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Towneley Capital Management Inc DE lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 6.1% in the fourth quarter, Holdings Channel reports. The firm owned 118,719 shares of the company’s stock after buying an additional 6,818 shares during the period. VanEck Fallen Angel High Yield Bond ETF accounts for about 0.8% of Towneley Capital Management Inc DE’s investment portfolio, making the stock its 16th largest position. Towneley Capital Management Inc DE’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $3,404,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in VanEck Fallen Angel High Yield Bond ETF by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,376,646 shares of the company’s stock worth $40,487,000 after buying an additional 38,164 shares in the last quarter. Foundations Investment Advisors LLC boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 18.4% in the third quarter. Foundations Investment Advisors LLC now owns 13,594 shares of the company’s stock worth $400,000 after acquiring an additional 2,117 shares during the last quarter. CHB Investment Group LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the third quarter worth approximately $8,744,000. Stewardship Advisors LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at $3,053,000. Finally, Lowe Wealth Advisors LLC lifted its holdings in VanEck Fallen Angel High Yield Bond ETF by 252.0% in the 4th quarter. Lowe Wealth Advisors LLC now owns 2,520 shares of the company’s stock valued at $72,000 after purchasing an additional 1,804 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.1 %

Shares of ANGL opened at $28.91 on Tuesday. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.98 and a 52-week high of $29.47. The stock has a market cap of $2.99 billion, a PE ratio of 0.48 and a beta of 0.52. The firm’s fifty day moving average is $28.90 and its two-hundred day moving average is $28.99.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a dividend of $0.1563 per share. The ex-dividend date was Monday, February 3rd.

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.