Atria Investments Inc Raises Stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Atria Investments Inc increased its position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 41.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 57,350 shares of the company’s stock after purchasing an additional 16,927 shares during the period. Atria Investments Inc’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $1,687,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in ANGL. Mosaic Family Wealth Partners LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 1.1% during the first quarter. Mosaic Family Wealth Partners LLC now owns 139,968 shares of the company’s stock valued at $4,062,000 after purchasing an additional 1,475 shares during the period. CreativeOne Wealth LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the 1st quarter worth about $225,000. Bank of Montreal Can increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 482.2% in the 2nd quarter. Bank of Montreal Can now owns 541,407 shares of the company’s stock valued at $15,463,000 after purchasing an additional 448,415 shares during the period. Heritage Oak Wealth Advisors LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at approximately $274,000. Finally, Peak Financial Advisors LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at approximately $5,888,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

ANGL opened at $28.93 on Friday. The business has a 50 day moving average of $29.12 and a 200-day moving average of $28.82. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $26.98 and a 1-year high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were paid a $0.1568 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.50%.

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.