ShoreHaven Wealth Partners LLC Makes New $1.26 Million Investment in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

ShoreHaven Wealth Partners LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 43,645 shares of the company’s stock, valued at approximately $1,256,000.

Several other hedge funds and other institutional investors also recently modified their holdings of ANGL. VitalStone Financial LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the third quarter valued at about $26,000. Concourse Financial Group Securities Inc. raised its stake in VanEck Fallen Angel High Yield Bond ETF by 408.0% during the third quarter. Concourse Financial Group Securities Inc. now owns 1,016 shares of the company’s stock worth $27,000 after acquiring an additional 816 shares in the last quarter. ORG Partners LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the fourth quarter worth about $33,000. First Horizon Advisors Inc. grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 61.0% during the 4th quarter. First Horizon Advisors Inc. now owns 3,612 shares of the company’s stock valued at $104,000 after purchasing an additional 1,369 shares during the last quarter. Finally, Simplex Trading LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter valued at approximately $129,000.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.1 %

NASDAQ:ANGL traded down $0.03 on Wednesday, hitting $28.60. The company had a trading volume of 958,289 shares, compared to its average volume of 1,301,244. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $26.28 and a 52 week high of $29.21. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 0.48 and a beta of 0.34. The firm has a 50 day moving average of $28.64 and a two-hundred day moving average of $28.44.

VanEck Fallen Angel High Yield Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd were paid a $0.1511 dividend. This represents a $1.81 dividend on an annualized basis and a dividend yield of 6.34%. The ex-dividend date was Wednesday, May 1st.

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.