IFP Advisors Inc Buys 7,169 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

IFP Advisors Inc increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 67.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,870 shares of the company’s stock after buying an additional 7,169 shares during the quarter. IFP Advisors Inc’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $512,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Private Advisor Group LLC increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 2.8% in the 3rd quarter. Private Advisor Group LLC now owns 19,972 shares of the company’s stock worth $587,000 after purchasing an additional 536 shares in the last quarter. Financial Advocates Investment Management increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 4.0% in the 3rd quarter. Financial Advocates Investment Management now owns 12,870 shares of the company’s stock worth $379,000 after purchasing an additional 495 shares in the last quarter. Principal Securities Inc. increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 2.4% in the 3rd quarter. Principal Securities Inc. now owns 134,409 shares of the company’s stock worth $3,953,000 after purchasing an additional 3,096 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 42.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 107,410 shares of the company’s stock worth $3,159,000 after purchasing an additional 32,146 shares in the last quarter. Finally, US Financial Advisors LLC increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 3.4% in the 3rd quarter. US Financial Advisors LLC now owns 167,309 shares of the company’s stock worth $4,921,000 after purchasing an additional 5,443 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.2 %

Shares of ANGL opened at $29.07 on Friday. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.98 and a 12-month high of $29.47. The business has a 50-day simple moving average of $28.87 and a two-hundred day simple moving average of $29.02. The stock has a market cap of $3.01 billion, a PE ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

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

VanEck Fallen Angel High Yield Bond ETF Company 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.