Triton Financial Group Inc Purchases New Stake in VanEck Fallen Angel High Yield Bond ETF $ANGL

Triton Financial Group Inc purchased a new stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the second quarter, HoldingsChannel reports. The firm purchased 67,433 shares of the company’s stock, valued at approximately $1,974,000. VanEck Fallen Angel High Yield Bond ETF comprises 1.4% of Triton Financial Group Inc’s investment portfolio, making the stock its 22nd largest position.

A number of other large investors have also added to or reduced their stakes in ANGL. GAMMA Investing LLC raised its stake in VanEck Fallen Angel High Yield Bond ETF by 2,786.1% in the 1st quarter. GAMMA Investing LLC now owns 3,117 shares of the company’s stock valued at $90,000 after acquiring an additional 3,009 shares during the period. Janney Montgomery Scott LLC raised its stake in VanEck Fallen Angel High Yield Bond ETF by 1.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 107,886 shares of the company’s stock valued at $3,114,000 after acquiring an additional 1,078 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in VanEck Fallen Angel High Yield Bond ETF by 41.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 431,187 shares of the company’s stock valued at $12,444,000 after acquiring an additional 126,825 shares during the period. Continuum Advisory LLC increased its position in VanEck Fallen Angel High Yield Bond ETF by 3.7% during the 1st quarter. Continuum Advisory LLC now owns 34,695 shares of the company’s stock worth $1,001,000 after buying an additional 1,241 shares during the period. Finally, Family Legacy Inc. increased its position in VanEck Fallen Angel High Yield Bond ETF by 2.5% during the 1st quarter. Family Legacy Inc. now owns 152,496 shares of the company’s stock worth $4,401,000 after buying an additional 3,772 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Price Performance

ANGL stock opened at $29.54 on Tuesday. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 59.37 and a beta of 0.52. The business’s fifty day moving average price is $29.46 and its two-hundred day moving average price is $28.93. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.92 and a fifty-two week high of $29.75.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were given a dividend of $0.1465 per share. The ex-dividend date was Wednesday, October 1st. This represents a c) annualized dividend and a yield of 6.0%.

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.