Howard Financial Services LTD. Has $11.91 Million Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Howard Financial Services LTD. raised its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 33.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 415,227 shares of the company’s stock after buying an additional 104,475 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF makes up about 1.6% of Howard Financial Services LTD.’s investment portfolio, making the stock its 18th biggest holding. Howard Financial Services LTD.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $11,905,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in ANGL. Merit Financial Group LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the fourth quarter worth $618,000. Wealthcare Advisory Partners LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 3.7% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 557,240 shares of the company’s stock valued at $15,976,000 after purchasing an additional 19,841 shares during the period. Occidental Asset Management LLC raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 4.4% during the 4th quarter. Occidental Asset Management LLC now owns 277,557 shares of the company’s stock worth $7,958,000 after buying an additional 11,737 shares during the period. Tallon Kerry Patrick acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at approximately $366,000. Finally, Sebold Capital Management Inc. raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 25.2% during the fourth quarter. Sebold Capital Management Inc. now owns 115,866 shares of the company’s stock worth $3,322,000 after acquiring an additional 23,352 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Price Performance

ANGL opened at $28.90 on Friday. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. The business’s 50-day moving average price is $28.92 and its two-hundred day moving average price is $28.94. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.98 and a 1 year high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 27th were issued a $0.1564 dividend. The ex-dividend date was Friday, December 27th. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15.

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.