LPF Advisors LLC Grows Stock Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

LPF Advisors LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 3.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 88,068 shares of the company’s stock after buying an additional 2,720 shares during the period. VanEck Fallen Angel High Yield Bond ETF accounts for 2.3% of LPF Advisors LLC’s investment portfolio, making the stock its 11th largest position. LPF Advisors LLC owned about 0.08% of VanEck Fallen Angel High Yield Bond ETF worth $2,492,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 1.4% during the 4th 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 during the period. Financial Advocates Investment Management lifted its holdings in VanEck Fallen Angel High Yield Bond ETF by 3.3% during the 4th quarter. Financial Advocates Investment Management now owns 11,653 shares of the company’s stock worth $335,000 after purchasing an additional 376 shares in the last quarter. McKinley Carter Wealth Services Inc. lifted its holdings in VanEck Fallen Angel High Yield Bond ETF by 2.5% during the 4th quarter. McKinley Carter Wealth Services Inc. now owns 25,498 shares of the company’s stock worth $734,000 after purchasing an additional 617 shares in the last quarter. McAlister Sweet & Associates Inc. boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 6.4% in the 1st quarter. McAlister Sweet & Associates Inc. now owns 11,658 shares of the company’s stock worth $338,000 after purchasing an additional 700 shares during the period. Finally, Silvia Mccoll Wealth Management LLC grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 0.8% during the 1st quarter. Silvia Mccoll Wealth Management LLC now owns 95,941 shares of the company’s stock valued at $2,747,000 after buying an additional 735 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.2 %

Shares of VanEck Fallen Angel High Yield Bond ETF stock traded up $0.05 on Friday, reaching $28.68. The stock had a trading volume of 1,027,665 shares, compared to its average volume of 1,125,078. The business’s 50 day moving average is $28.56 and its two-hundred day moving average is $28.64. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.28 and a 1 year high of $29.21. The company has a market cap of $2.99 billion, a P/E ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, August 6th. Shareholders of record on Thursday, August 1st were paid a $0.1573 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. This represents a $1.89 annualized dividend and a yield of 6.58%.

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.