VanEck Fallen Angel High Yield Bond ETF $ANGL Shares Newly Purchased by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 24,522 shares of the company’s stock, valued at approximately $682,000.

Several other hedge funds have also bought and sold shares of ANGL. Meridian Financial Advisors LLC increased its holdings in shares of 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 in the last quarter. Sanctuary Advisors LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 1.4% in the 1st quarter. Sanctuary Advisors LLC now owns 41,538 shares of the company’s stock worth $1,193,000 after purchasing an additional 555 shares in the last quarter. Eagle Bay Advisors LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 3.6% in the 1st quarter. Eagle Bay Advisors LLC now owns 16,960 shares of the company’s stock worth $487,000 after purchasing an additional 588 shares in the last quarter. Kaizen Financial Strategies boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 4.5% in the 1st quarter. Kaizen Financial Strategies now owns 14,766 shares of the company’s stock worth $432,000 after purchasing an additional 642 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 0.8% in the 1st 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 Stock Performance

Shares of ANGL traded down $0.10 on Wednesday, hitting $27.52. 1,284,893 shares of the stock traded hands, compared to its average volume of 874,674. VanEck Fallen Angel High Yield Bond ETF has a one year low of $27.44 and a one year high of $29.77. The company has a market capitalization of $3.00 billion, a PE ratio of 59.37 and a beta of 0.44. The business has a 50 day simple moving average of $28.50 and a 200 day simple moving average of $28.86.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were paid a dividend of $0.1583 per share. The ex-dividend date was Thursday, October 1st. This represents a $1.90 annualized dividend and a yield of 6.9%. 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.