VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Shares Purchased by Cypress Financial Planning LLC

Cypress Financial Planning LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 5.6% during the 4th quarter, HoldingsChannel reports. The firm owned 379,137 shares of the company’s stock after acquiring an additional 19,964 shares during the period. VanEck Fallen Angel High Yield Bond ETF comprises 4.0% of Cypress Financial Planning LLC’s investment portfolio, making the stock its 9th largest position. Cypress Financial Planning LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $10,870,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 2.9% during the third 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 last quarter. Bank of Montreal Can increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 482.2% in the second quarter. Bank of Montreal Can now owns 541,407 shares of the company’s stock valued at $15,463,000 after purchasing an additional 448,415 shares during the period. Heritage Oak Wealth Advisors LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter worth $274,000. Peak Financial Advisors LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth about $5,888,000. Finally, 1832 Asset Management L.P. grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 0.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,229,659 shares of the company’s stock valued at $34,799,000 after buying an additional 10,666 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.1 %

Shares of ANGL stock opened at $28.55 on Tuesday. 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 cap of $3.01 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. The stock has a 50-day moving average of $28.93 and a 200-day moving average of $28.94.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 27th were given a dividend of $0.1564 per share. The ex-dividend date was Friday, December 27th. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15.

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.