Stewardship Advisors LLC Makes New Investment in VanEck Fallen Angel High Yield Bond ETF $ANGL

Stewardship Advisors LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 113,337 shares of the company’s stock, valued at approximately $3,152,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IFP Advisors Inc lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 5.5% during the 3rd quarter. IFP Advisors Inc now owns 32,882 shares of the company’s stock valued at $914,000 after buying an additional 1,706 shares in the last quarter. Frank Rimerman Advisors LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter worth $3,491,000. Melone Private Wealth LLC increased its stake in VanEck Fallen Angel High Yield Bond ETF by 1.5% in the 3rd quarter. Melone Private Wealth LLC now owns 366,920 shares of the company’s stock worth $10,204,000 after buying an additional 5,370 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter worth $83,000. Finally, Eagle Bay Advisors LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at about $444,000.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.1%

NASDAQ:ANGL traded up $0.01 on Tuesday, reaching $27.32. 625,809 shares of the company’s stock traded hands, compared to its average volume of 878,330. The stock has a 50-day simple moving average of $28.41 and a 200-day simple moving average of $28.84. VanEck Fallen Angel High Yield Bond ETF has a 12 month low of $27.25 and a 12 month high of $29.77. The firm has a market cap of $2.98 billion, a PE ratio of 59.37 and a beta of 0.44.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a dividend of $0.1583 per share. This is a decrease from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1590. This represents a $1.90 annualized dividend and a dividend yield of 7.0%. The ex-dividend date was Thursday, October 1st.

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.