7,224 Shares in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Purchased by Elm3 Financial Group LLC

Elm3 Financial Group LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 7,224 shares of the company’s stock, valued at approximately $207,000.

Other large investors have also recently made changes to their positions in the company. CHB Investment Group LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter valued at approximately $8,744,000. Integrated Wealth Concepts LLC increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 54.4% during the third quarter. Integrated Wealth Concepts LLC now owns 802,677 shares of the company’s stock valued at $23,607,000 after acquiring an additional 282,668 shares in the last quarter. LPL Financial LLC raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 7.0% in the 3rd quarter. LPL Financial LLC now owns 3,772,806 shares of the company’s stock worth $110,958,000 after purchasing an additional 246,899 shares during the last quarter. National Bank of Canada FI bought a new position in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter worth about $6,994,000. Finally, Tidal Investments LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter valued at about $6,249,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

NASDAQ:ANGL opened at $29.02 on Thursday. The firm has a 50-day simple moving average of $28.91 and a two-hundred day simple moving average of $28.99. The firm has a market cap of $3.01 billion, a P/E ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.98 and a fifty-two week high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, February 6th. Investors of record on Monday, February 3rd will be issued a $0.1563 dividend. The ex-dividend date is Monday, February 3rd.

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.