Money Concepts Capital Corp Buys 19,708 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL

Money Concepts Capital Corp increased its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 10.9% in the fourth quarter, HoldingsChannel reports. The fund owned 200,174 shares of the company’s stock after purchasing an additional 19,708 shares during the period. Money Concepts Capital Corp’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $5,878,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Caldwell Trust Co lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 306.3% in the 4th quarter. Caldwell Trust Co now owns 1,028 shares of the company’s stock valued at $30,000 after acquiring an additional 775 shares during the last quarter. Raleigh Capital Management Inc. bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter valued at about $35,000. Assetmark Inc. lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 766.4% in the 4th quarter. Assetmark Inc. now owns 3,431 shares of the company’s stock valued at $101,000 after acquiring an additional 3,035 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at about $129,000. Finally, Nwam LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter valued at about $200,000.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.3%

NASDAQ ANGL opened at $29.08 on Tuesday. The stock has a 50-day moving average of $29.04 and a 200-day moving average of $29.33. The firm has a market cap of $3.05 billion, a PE ratio of 59.37 and a beta of 0.43. 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 Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were given a dividend of $0.1563 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 6.4%.

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.