Graney & King LLC Acquires Shares of 103,738 VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Graney & King LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 103,738 shares of the company’s stock, valued at approximately $2,974,000. VanEck Fallen Angel High Yield Bond ETF comprises 2.2% of Graney & King LLC’s investment portfolio, making the stock its 11th largest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Tcfg Wealth Management LLC raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 3.5% during the fourth quarter. Tcfg Wealth Management LLC now owns 10,199 shares of the company’s stock worth $292,000 after purchasing an additional 347 shares during the period. Authentikos Wealth Advisory LLC lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 5.1% in the fourth quarter. Authentikos Wealth Advisory LLC now owns 8,010 shares of the company’s stock valued at $230,000 after buying an additional 386 shares during the last quarter. Retirement Guys Formula LLC boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 0.7% during the fourth quarter. Retirement Guys Formula LLC now owns 55,039 shares of the company’s stock valued at $1,578,000 after acquiring an additional 390 shares during the period. Van ECK Associates Corp grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 38.1% during the fourth quarter. Van ECK Associates Corp now owns 1,414 shares of the company’s stock worth $41,000 after acquiring an additional 390 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 1.9% in the 4th quarter. McKinley Carter Wealth Services Inc. now owns 22,056 shares of the company’s stock worth $632,000 after acquiring an additional 415 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.1 %

ANGL opened at $28.99 on Wednesday. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $26.98 and a twelve month high of $29.47. The business’s 50 day moving average is $28.95 and its 200-day moving average is $29.00. The stock has a market cap of $3.00 billion, a PE ratio of 60.45 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a $0.1361 dividend. The ex-dividend date was Monday, March 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.