VanEck Fallen Angel High Yield Bond ETF $ANGL Shares Newly Acquired by Accel Wealth Management

Accel Wealth Management bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the third quarter, HoldingsChannel reports. The fund bought 122,208 shares of the company’s stock, valued at approximately $3,399,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Avior Wealth Management LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter valued at approximately $1,369,000. Paller Financial Services Inc grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 2.9% in the 3rd quarter. Paller Financial Services Inc now owns 44,695 shares of the company’s stock worth $1,243,000 after acquiring an additional 1,265 shares during the period. Sound Income Strategies LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter valued at about $2,690,000. David J Yvars Group acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at about $241,000. Finally, Towneley Capital Management Inc DE acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the third quarter worth $3,948,000.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.3%

ANGL traded down $0.07 during midday trading on Tuesday, hitting $27.62. The company’s stock had a trading volume of 805,500 shares, compared to its average volume of 872,562. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $27.44 and a 52-week high of $29.77. The firm has a 50-day moving average price of $28.56 and a two-hundred day moving average price of $28.88. The firm has a market cap of $3.01 billion, a P/E ratio of 59.37 and a beta of 0.44.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a dividend of $0.1583 per share. This is a negative change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1590. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $1.90 dividend on an annualized basis and a yield of 6.9%.

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.