VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Shares Bought by Assetmark Inc.

Assetmark Inc. raised its position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 281.2% during the 3rd quarter, Holdings Channel reports. The firm owned 1,357 shares of the company’s stock after buying an additional 1,001 shares during the quarter. Assetmark Inc.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $40,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Millennium Management LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter valued at approximately $21,998,000. Strategic Financial Concepts LLC lifted its position in VanEck Fallen Angel High Yield Bond ETF by 2,993.0% during the second quarter. Strategic Financial Concepts LLC now owns 557,519 shares of the company’s stock valued at $15,778,000 after purchasing an additional 539,494 shares during the period. Jane Street Group LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the first quarter valued at $14,510,000. Bank of Montreal Can grew its position in VanEck Fallen Angel High Yield Bond ETF by 482.2% during the 2nd quarter. Bank of Montreal Can now owns 541,407 shares of the company’s stock worth $15,463,000 after purchasing an additional 448,415 shares during the period. Finally, Cetera Investment Advisers grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 208.3% during the first quarter. Cetera Investment Advisers now owns 516,743 shares of the company’s stock worth $14,996,000 after acquiring an additional 349,129 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.2 %

ANGL stock opened at $28.98 on Tuesday. The firm has a market cap of $3.05 billion, a P/E ratio of 0.48 and a beta of 0.52. The company’s 50-day simple moving average is $29.12 and its 200-day simple moving average is $28.84. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.98 and a 52-week high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a $0.1568 dividend. This represents a $1.88 annualized dividend and a yield of 6.49%. The ex-dividend date of this dividend was Friday, November 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.