Accel Wealth Management Raises Stock Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Accel Wealth Management increased its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 1.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,306 shares of the company’s stock after buying an additional 1,266 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF accounts for approximately 1.1% of Accel Wealth Management’s holdings, making the stock its 23rd biggest holding. Accel Wealth Management owned about 0.08% of VanEck Fallen Angel High Yield Bond ETF worth $2,505,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 1.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 26,678 shares of the company’s stock valued at $768,000 after acquiring an additional 364 shares in the last quarter. Financial Advocates Investment Management boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 3.3% in the fourth quarter. Financial Advocates Investment Management now owns 11,653 shares of the company’s stock valued at $335,000 after acquiring an additional 376 shares in the last quarter. B.O.S.S. Retirement Advisors LLC boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 1.9% in the fourth quarter. B.O.S.S. Retirement Advisors LLC now owns 27,904 shares of the company’s stock valued at $803,000 after acquiring an additional 508 shares in the last quarter. Family Legacy Inc. boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 0.4% in the fourth quarter. Family Legacy Inc. now owns 139,632 shares of the company’s stock valued at $4,019,000 after acquiring an additional 571 shares in the last quarter. Finally, BCS Wealth Management boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 2.8% in the fourth quarter. BCS Wealth Management now owns 21,417 shares of the company’s stock valued at $616,000 after acquiring an additional 578 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

NASDAQ:ANGL traded up $0.12 during trading hours on Thursday, hitting $28.31. The company had a trading volume of 306,144 shares, compared to its average volume of 1,180,841. The company has a market capitalization of $2.92 billion, a PE ratio of 0.48 and a beta of 0.52. The stock has a 50-day moving average price of $28.51 and a 200 day moving average price of $28.69. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $26.28 and a 52 week high of $29.21.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

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