Hershey Financial Advisers LLC Purchases Shares of 142,113 VanEck Fallen Angel High Yield Bond ETF $ANGL

Hershey Financial Advisers LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 142,113 shares of the company’s stock, valued at approximately $4,081,000. VanEck Fallen Angel High Yield Bond ETF makes up 3.5% of Hershey Financial Advisers LLC’s holdings, making the stock its 4th biggest position.

Several other institutional investors have also recently made changes to their positions in ANGL. IFC & Insurance Marketing Inc. purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 4th quarter valued at about $26,000. Caldwell Trust Co increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 306.3% in the 4th quarter. Caldwell Trust Co now owns 1,028 shares of the company’s stock worth $30,000 after acquiring an additional 775 shares in the last quarter. Raleigh Capital Management Inc. purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the 4th quarter worth approximately $35,000. SHP Wealth Management bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth approximately $98,000. Finally, Assetmark Inc. raised its stake in VanEck Fallen Angel High Yield Bond ETF by 766.4% during the 4th quarter. Assetmark Inc. now owns 3,431 shares of the company’s stock worth $101,000 after acquiring an additional 3,035 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of NASDAQ:ANGL opened at $29.04 on Friday. The company has a market capitalization of $3.10 billion, a P/E ratio of 59.37 and a beta of 0.42. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $28.35 and a 1-year high of $29.77. The firm’s 50 day simple moving average is $29.07 and its two-hundred day simple moving average is $29.22.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.171 per share. This represents a c) annualized dividend and a dividend yield of 7.1%. The ex-dividend date was Wednesday, July 1st. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15.

VanEck Fallen Angel High Yield Bond ETF Company 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.