CFC Planning Co LLC Makes New Investment in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

CFC Planning Co LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the 4th quarter, Holdings Channel reports. The firm bought 82,604 shares of the company’s stock, valued at approximately $2,368,000. VanEck Fallen Angel High Yield Bond ETF makes up 2.5% of CFC Planning Co LLC’s investment portfolio, making the stock its 16th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LPL Financial LLC increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 7.0% during the third quarter. LPL Financial LLC now owns 3,772,806 shares of the company’s stock valued at $110,958,000 after buying an additional 246,899 shares during the period. Capital Investment Advisors LLC boosted its position in VanEck Fallen Angel High Yield Bond ETF by 4.1% during the 4th quarter. Capital Investment Advisors LLC now owns 2,925,316 shares of the company’s stock valued at $83,869,000 after acquiring an additional 116,162 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 2.6% in the 3rd quarter. Cerity Partners LLC now owns 2,802,413 shares of the company’s stock valued at $82,419,000 after acquiring an additional 70,163 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,376,646 shares of the company’s stock valued at $40,487,000 after acquiring an additional 38,164 shares during the period. Finally, Integrated Wealth Concepts LLC raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 54.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 802,677 shares of the company’s stock worth $23,607,000 after acquiring an additional 282,668 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of NASDAQ ANGL opened at $28.92 on Friday. The business has a fifty day moving average price of $28.88 and a 200 day moving average price of $28.99. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $26.98 and a 1-year high of $29.47. The stock has a market capitalization of $2.99 billion, a P/E ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were issued a $0.1563 dividend. The ex-dividend date of this dividend was Monday, February 3rd.

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.