Toews Corp ADV Has $5.29 Million Stock Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Toews Corp ADV increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 3.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 182,300 shares of the company’s stock after buying an additional 6,400 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF accounts for about 0.9% of Toews Corp ADV’s portfolio, making the stock its 10th largest position. Toews Corp ADV’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $5,290,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State of Tennessee Treasury Department grew its stake in VanEck Fallen Angel High Yield Bond ETF by 61.9% during the 4th quarter. State of Tennessee Treasury Department now owns 3,933,600 shares of the company’s stock valued at $113,209,000 after purchasing an additional 1,504,000 shares during the last quarter. Morningstar Investment Services LLC grew its stake in VanEck Fallen Angel High Yield Bond ETF by 98.6% during the 4th quarter. Morningstar Investment Services LLC now owns 1,732,443 shares of the company’s stock valued at $49,964,000 after purchasing an additional 860,132 shares during the last quarter. Ameriprise Financial Inc. grew its stake in VanEck Fallen Angel High Yield Bond ETF by 53.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,060,940 shares of the company’s stock valued at $55,796,000 after purchasing an additional 721,999 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC grew its stake in VanEck Fallen Angel High Yield Bond ETF by 562.1% during the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 661,041 shares of the company’s stock valued at $19,025,000 after purchasing an additional 561,195 shares during the last quarter. Finally, ACT Advisors LLC. purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the 4th quarter valued at about $16,135,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

VanEck Fallen Angel High Yield Bond ETF stock traded up $0.08 during trading hours on Tuesday, hitting $28.19. 785,020 shares of the stock traded hands, compared to its average volume of 1,187,681. The firm’s 50 day moving average price is $28.51 and its 200-day moving average price is $28.70. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.28 and a 1 year high of $29.21.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, July 1st will be paid a $0.1507 dividend. The ex-dividend date of this dividend is Monday, July 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.