Kestra Private Wealth Services LLC Acquires 108,748 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL

Kestra Private Wealth Services LLC grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 50.3% during the first quarter, HoldingsChannel.com reports. The firm owned 325,035 shares of the company’s stock after acquiring an additional 108,748 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $9,335,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in ANGL. IFC & Insurance Marketing Inc. acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at approximately $26,000. Caldwell Trust Co increased its stake in VanEck Fallen Angel High Yield Bond ETF by 306.3% during the 4th quarter. Caldwell Trust Co now owns 1,028 shares of the company’s stock worth $30,000 after acquiring an additional 775 shares during the period. Raleigh Capital Management Inc. bought a new position in VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth $35,000. SHP Wealth Management acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the 4th quarter valued at $98,000. Finally, Assetmark Inc. raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 766.4% in the 4th quarter. Assetmark Inc. now owns 3,431 shares of the company’s stock valued at $101,000 after acquiring an additional 3,035 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

NASDAQ:ANGL opened at $29.24 on Friday. The stock has a fifty day moving average price of $29.12 and a 200-day moving average price of $29.25. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 59.37 and a beta of 0.43. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $28.35 and a fifty-two week high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were paid a $0.1535 dividend. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend was Monday, June 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.