Smithbridge Asset Management Inc. DE Invests $788,000 in VanEck Fallen Angel High Yield Bond ETF $ANGL

Smithbridge Asset Management Inc. DE acquired a new position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 26,505 shares of the company’s stock, valued at approximately $788,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. increased its position in VanEck Fallen Angel High Yield Bond ETF by 19.6% in the second quarter. Newbridge Financial Services Group Inc. now owns 4,192 shares of the company’s stock worth $123,000 after buying an additional 688 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter worth approximately $129,000. CWM LLC raised its stake in VanEck Fallen Angel High Yield Bond ETF by 19.9% during the 2nd quarter. CWM LLC now owns 5,218 shares of the company’s stock worth $153,000 after acquiring an additional 866 shares during the period. HF Advisory Group LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the second quarter worth approximately $202,000. Finally, Meridian Financial LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the second quarter worth approximately $210,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of ANGL stock opened at $29.58 on Friday. VanEck Fallen Angel High Yield Bond ETF has a one year low of $26.92 and a one year high of $29.75. The company’s fifty day moving average price is $29.42 and its 200-day moving average price is $29.37. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 59.37 and a beta of 0.44.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 29th were paid a $0.1599 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Monday, December 29th.

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.