Howard Financial Services LTD. Purchases 32,933 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL

Howard Financial Services LTD. lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 4.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 708,506 shares of the company’s stock after buying an additional 32,933 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF makes up 2.1% of Howard Financial Services LTD.’s holdings, making the stock its 15th largest holding. Howard Financial Services LTD.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $19,704,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Meridian Financial Advisors LLC raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 4.6% during the first quarter. Meridian Financial Advisors LLC now owns 11,176 shares of the company’s stock valued at $321,000 after acquiring an additional 490 shares during the period. Sanctuary Advisors LLC lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 1.4% in the first quarter. Sanctuary Advisors LLC now owns 41,538 shares of the company’s stock valued at $1,193,000 after acquiring an additional 555 shares in the last quarter. Eagle Bay Advisors LLC boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 3.6% in the first quarter. Eagle Bay Advisors LLC now owns 16,960 shares of the company’s stock worth $487,000 after acquiring an additional 588 shares during the period. Kaizen Financial Strategies boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 4.5% in the first quarter. Kaizen Financial Strategies now owns 14,766 shares of the company’s stock worth $432,000 after acquiring an additional 642 shares during the period. Finally, Royal Bank of Canada grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 0.8% during the first quarter. Royal Bank of Canada now owns 123,157 shares of the company’s stock worth $3,537,000 after purchasing an additional 917 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.4%

NASDAQ:ANGL opened at $27.52 on Thursday. The stock has a 50-day moving average price of $28.50 and a 200 day moving average price of $28.86. The stock has a market capitalization of $3.00 billion, a P/E ratio of 59.37 and a beta of 0.44. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $27.44 and a 12-month high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

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

About VanEck Fallen Angel High Yield Bond ETF

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.