Storen Legacy Partners LLC Invests $16.73 Million in VanEck Fallen Angel High Yield Bond ETF $ANGL

Storen Legacy Partners LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 569,702 shares of the company’s stock, valued at approximately $16,729,000. VanEck Fallen Angel High Yield Bond ETF comprises about 5.2% of Storen Legacy Partners LLC’s investment portfolio, making the stock its 6th biggest position.

Other hedge funds have also bought and sold shares of the company. Fortune Financial Advisors LLC lifted its holdings in VanEck Fallen Angel High Yield Bond ETF by 2.9% in the fourth quarter. Fortune Financial Advisors LLC now owns 14,772 shares of the company’s stock valued at $434,000 after buying an additional 418 shares during the period. 1620 Investment Advisors Inc. grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 0.8% during the 4th quarter. 1620 Investment Advisors Inc. now owns 52,607 shares of the company’s stock worth $1,545,000 after acquiring an additional 436 shares during the period. IFP Advisors Inc grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 1.8% during the 4th quarter. IFP Advisors Inc now owns 28,855 shares of the company’s stock worth $847,000 after acquiring an additional 499 shares during the period. Truist Financial Corp grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 3.6% during the 4th quarter. Truist Financial Corp now owns 14,593 shares of the company’s stock worth $429,000 after acquiring an additional 504 shares during the period. Finally, Perissos Private Wealth Management LLC raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 0.9% in the 3rd quarter. Perissos Private Wealth Management LLC now owns 62,637 shares of the company’s stock worth $1,862,000 after acquiring an additional 542 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of NASDAQ:ANGL opened at $29.18 on Friday. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 59.37 and a beta of 0.43. The business’s 50-day moving average is $29.12 and its 200-day moving average is $29.26. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $28.35 and a 1 year high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were paid a dividend of $0.1535 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) annualized dividend and a yield of 6.3%.

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.