BCS Wealth Management Makes New Investment in VanEck Fallen Angel High Yield Bond ETF $ANGL

BCS Wealth Management bought a new stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the third quarter, Holdings Channel reports. The institutional investor bought 18,764 shares of the company’s stock, valued at approximately $522,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Costello Asset Management INC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the third quarter worth about $27,000. Parkside Financial Bank & Trust purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the second quarter worth about $38,000. Quest 10 Wealth Builders Inc. purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the third quarter worth about $41,000. Tompkins Financial Corp acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at about $43,000. Finally, Western Wealth Management LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the 1st quarter valued at about $49,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

ANGL opened at $27.64 on Monday. The business has a 50 day moving average price of $28.01 and a two-hundred day moving average price of $28.86. The company has a market cap of $2.99 billion, a PE ratio of 59.37 and a beta of 0.45. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $27.25 and a 52 week high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were issued a $0.1688 dividend. The ex-dividend date of this dividend was Monday, November 2nd. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1583. This represents a $2.03 dividend on an annualized basis and a dividend yield of 7.3%.

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.