Cerity Partners LLC Acquires 163,292 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL

Cerity Partners LLC lifted its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 5.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,334,783 shares of the company’s stock after buying an additional 163,292 shares during the quarter. Cerity Partners LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $97,926,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ANGL. Southern Farm Bureau Life Insurance raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 110.1% in the fourth quarter. Southern Farm Bureau Life Insurance now owns 2,587,512 shares of the company’s stock valued at $76,045,000 after buying an additional 1,356,065 shares during the last quarter. Bank of America Corp DE grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 6.2% during the 3rd quarter. Bank of America Corp DE now owns 20,594,595 shares of the company’s stock worth $612,277,000 after buying an additional 1,193,879 shares during the period. Integrated Wealth Concepts LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 91.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 738,558 shares of the company’s stock worth $21,957,000 after buying an additional 352,445 shares during the period. Elevation Capital Advisory LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 973.2% in the 4th quarter. Elevation Capital Advisory LLC now owns 368,570 shares of the company’s stock valued at $10,823,000 after purchasing an additional 334,227 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 997,627.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 329,250 shares of the company’s stock valued at $9,789,000 after purchasing an additional 329,217 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of ANGL opened at $29.00 on Wednesday. The stock has a 50 day simple moving average of $29.07 and a 200 day simple moving average of $29.27. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $28.35 and a 52-week high of $29.77. The firm has a market capitalization of $3.04 billion, a PE ratio of 59.37 and a beta of 0.43.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were given a dividend of $0.1535 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 6.4%.

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.