Foundations Investment Advisors LLC Boosts Stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Posted by on Jul 12th, 2023

Foundations Investment Advisors LLC raised its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL – Free Report) by 36.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,056 shares of the company’s stock after buying an additional 3,768 shares during the period. Foundations Investment Advisors LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $394,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Securities Inc. purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the 4th quarter valued at about $274,000. CWM LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 218.5% during the 4th quarter. CWM LLC now owns 3,300 shares of the company’s stock valued at $89,000 after acquiring an additional 2,264 shares during the period. Envestnet Asset Management Inc. grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 122.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 959,142 shares of the company’s stock valued at $25,916,000 after acquiring an additional 527,373 shares during the period. B.O.S.S. Retirement Advisors LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 4th quarter valued at approximately $552,000. Finally, Blue Edge Capital LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 7.9% during the 4th quarter. Blue Edge Capital LLC now owns 196,963 shares of the company’s stock valued at $5,322,000 after acquiring an additional 14,364 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.4 %

VanEck Fallen Angel High Yield Bond ETF stock opened at $27.58 on Wednesday. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $25.75 and a twelve month high of $28.81. The firm has a 50 day moving average price of $27.39 and a 200-day moving average price of $27.49. The company has a market capitalization of $2.67 billion, a P/E ratio of 59.99 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, July 7th. Stockholders of record on Wednesday, July 5th were given a dividend of $0.1266 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date was Monday, July 3rd.

VanEck Fallen Angel High Yield Bond ETF Profile

(Free Report)

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.

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Institutional Ownership by Quarter for VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

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