CFC Planning Co LLC Takes Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

CFC Planning Co LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 82,604 shares of the company’s stock, valued at approximately $2,368,000. VanEck Fallen Angel High Yield Bond ETF makes up about 2.5% of CFC Planning Co LLC’s portfolio, making the stock its 16th biggest holding. CFC Planning Co LLC owned about 0.08% of VanEck Fallen Angel High Yield Bond ETF at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in VanEck Fallen Angel High Yield Bond ETF by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,376,646 shares of the company’s stock worth $40,487,000 after purchasing an additional 38,164 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the fourth quarter worth about $424,000. Foundations Investment Advisors LLC lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 18.4% in the third quarter. Foundations Investment Advisors LLC now owns 13,594 shares of the company’s stock worth $400,000 after buying an additional 2,117 shares in the last quarter. CHB Investment Group LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at approximately $8,744,000. Finally, Stewardship Advisors LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at approximately $3,053,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

NASDAQ:ANGL opened at $28.92 on Friday. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.98 and a 1 year high of $29.47. The stock’s 50 day simple moving average is $28.88 and its two-hundred day simple moving average is $28.99.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a $0.1563 dividend. The ex-dividend date of this dividend was Monday, February 3rd.

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.