RFG Advisory LLC Acquires 35,305 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL

RFG Advisory LLC increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 331.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,952 shares of the company’s stock after buying an additional 35,305 shares during the period. RFG Advisory LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $1,320,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IFC & Insurance Marketing Inc. acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the fourth quarter worth approximately $26,000. Caldwell Trust Co increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 306.3% in the fourth quarter. Caldwell Trust Co now owns 1,028 shares of the company’s stock valued at $30,000 after purchasing an additional 775 shares in the last quarter. Raleigh Capital Management Inc. bought a new position in VanEck Fallen Angel High Yield Bond ETF in the 4th quarter worth approximately $35,000. SHP Wealth Management bought a new position in VanEck Fallen Angel High Yield Bond ETF in the 4th quarter worth approximately $98,000. Finally, Assetmark Inc. raised its position in VanEck Fallen Angel High Yield Bond ETF by 766.4% in the 4th quarter. Assetmark Inc. now owns 3,431 shares of the company’s stock worth $101,000 after purchasing an additional 3,035 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of ANGL opened at $29.22 on Friday. The business’s fifty day moving average price is $29.12 and its two-hundred day moving average price is $29.25. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 59.37 and a beta of 0.43. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $28.35 and a 52 week high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were issued a $0.1535 dividend. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a yield of 6.3%.

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.