VanEck Fallen Angel High Yield Bond ETF $ANGL Shares Newly Purchased by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 19,876 shares of the company’s stock, valued at approximately $553,000.

A number of other institutional investors have also modified their holdings of the business. Howard Financial Services LTD. raised its stake in VanEck Fallen Angel High Yield Bond ETF by 4.9% during the third quarter. Howard Financial Services LTD. now owns 708,506 shares of the company’s stock worth $19,704,000 after acquiring an additional 32,933 shares during the period. Wealthcare Advisory Partners LLC lifted its holdings in VanEck Fallen Angel High Yield Bond ETF by 2.8% in the second quarter. Wealthcare Advisory Partners LLC now owns 708,131 shares of the company’s stock worth $20,706,000 after acquiring an additional 19,295 shares during the last quarter. Ocean Park Asset Management LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at approximately $17,401,000. Envestnet Asset Management Inc. boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 12.8% in the second quarter. Envestnet Asset Management Inc. now owns 587,488 shares of the company’s stock valued at $17,178,000 after acquiring an additional 66,478 shares during the period. Finally, Cetera Investment Advisers boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 8.3% in the first quarter. Cetera Investment Advisers now owns 480,849 shares of the company’s stock valued at $13,810,000 after acquiring an additional 36,662 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.1%

Shares of NASDAQ:ANGL traded up $0.02 during trading on Friday, hitting $27.55. 763,704 shares of the company traded hands, compared to its average volume of 898,697. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 59.37 and a beta of 0.44. The business’s fifty day moving average is $28.28 and its 200-day moving average is $28.80. VanEck Fallen Angel High Yield Bond ETF has a one year low of $27.25 and a one year high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a $0.1583 dividend. This is a negative change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1590. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $1.90 annualized dividend and a dividend yield of 6.9%.

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.