Plan Group Financial LLC Boosts Stake in VanEck Fallen Angel High Yield Bond ETF $ANGL

Plan Group Financial LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 27.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 185,888 shares of the company’s stock after buying an additional 39,827 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF accounts for approximately 1.4% of Plan Group Financial LLC’s investment portfolio, making the stock its 18th biggest holding. Plan Group Financial LLC owned 0.18% of VanEck Fallen Angel High Yield Bond ETF worth $5,459,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ANGL. AE Wealth Management LLC grew its position in VanEck Fallen Angel High Yield Bond ETF by 5.1% during the third quarter. AE Wealth Management LLC now owns 514,602 shares of the company’s stock valued at $15,299,000 after buying an additional 25,076 shares during the period. Elevation Capital Advisory LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 973.2% during the 4th quarter. Elevation Capital Advisory LLC now owns 368,570 shares of the company’s stock valued at $10,823,000 after acquiring an additional 334,227 shares during the period. Paller Financial Services Inc purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth approximately $1,272,000. Shepherd Kaplan Krochuk LLC raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 8.3% in the 3rd quarter. Shepherd Kaplan Krochuk LLC now owns 323,476 shares of the company’s stock worth $9,617,000 after purchasing an additional 24,860 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 82.6% in the third quarter. JPMorgan Chase & Co. now owns 130,592 shares of the company’s stock valued at $3,883,000 after purchasing an additional 59,092 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

NASDAQ:ANGL opened at $29.21 on Thursday. The company has a market capitalization of $3.06 billion, a P/E ratio of 59.37 and a beta of 0.43. The business has a fifty day simple moving average of $29.08 and a two-hundred day simple moving average of $29.34. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $28.20 and a 1 year high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were issued a $0.1563 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) annualized dividend 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.