Elm3 Financial Group LLC Grows Position in VanEck Fallen Angel High Yield Bond ETF $ANGL

Elm3 Financial Group LLC grew its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 6.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,515 shares of the company’s stock after acquiring an additional 476 shares during the quarter. Elm3 Financial Group LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $220,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Silver Oak Securities Incorporated raised its stake in VanEck Fallen Angel High Yield Bond ETF by 0.9% in the 2nd quarter. Silver Oak Securities Incorporated now owns 38,911 shares of the company’s stock valued at $1,139,000 after purchasing an additional 354 shares during the last quarter. Retirement Guys Formula LLC raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 0.7% in the second quarter. Retirement Guys Formula LLC now owns 48,684 shares of the company’s stock valued at $1,425,000 after buying an additional 358 shares during the last quarter. TFG Advisers LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 1.2% during the second quarter. TFG Advisers LLC now owns 34,194 shares of the company’s stock valued at $1,001,000 after buying an additional 415 shares during the period. Biltmore Family Office LLC boosted its position in VanEck Fallen Angel High Yield Bond ETF by 48.9% during the first quarter. Biltmore Family Office LLC now owns 1,394 shares of the company’s stock worth $40,000 after acquiring an additional 458 shares during the last quarter. Finally, TFB Advisors LLC grew its stake in VanEck Fallen Angel High Yield Bond ETF by 4.6% in the 1st quarter. TFB Advisors LLC now owns 11,506 shares of the company’s stock worth $332,000 after acquiring an additional 506 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.1%

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $29.60 on Tuesday. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.92 and a fifty-two week high of $29.75. The business’s fifty day moving average is $29.39 and its two-hundred day moving average is $28.88. The firm has a market cap of $3.13 billion, a PE ratio of 59.37 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were paid a $0.1465 dividend. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend was Wednesday, October 1st.

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.