Towneley Capital Management Inc DE Buys 141,952 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL

Towneley Capital Management Inc DE purchased a new stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the third quarter, according to its most recent filing with the SEC. The firm purchased 141,952 shares of the company’s stock, valued at approximately $3,948,000. VanEck Fallen Angel High Yield Bond ETF accounts for 0.8% of Towneley Capital Management Inc DE’s portfolio, making the stock its 17th biggest holding.

Other hedge funds have also recently made changes to their positions in the company. Breakwater Capital Group bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at about $3,620,000. Post Resch Tallon Group Inc. bought a new position in VanEck Fallen Angel High Yield Bond ETF in the third quarter worth about $340,000. Farther Finance Advisors LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at about $725,000. Winebrenner Capital Management LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at about $912,000. Finally, Echo45 Advisors LLC boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 2.7% in the 3rd quarter. Echo45 Advisors LLC now owns 177,558 shares of the company’s stock valued at $4,938,000 after buying an additional 4,720 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.0%

Shares of VanEck Fallen Angel High Yield Bond ETF stock traded up $0.01 on Friday, reaching $27.64. The stock had a trading volume of 286,282 shares, compared to its average volume of 871,732. The stock has a market capitalization of $3.02 billion, a P/E ratio of 59.37 and a beta of 0.44. The company has a 50 day moving average price of $28.61 and a 200 day moving average price of $28.89. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $27.44 and a 1 year high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a $0.1583 dividend. This is a decrease from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1590. This represents a $1.90 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend was Thursday, October 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.