VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Position Boosted by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC lifted its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 2,993.0% in the second quarter, Holdings Channel.com reports. The firm owned 557,519 shares of the company’s stock after acquiring an additional 539,494 shares during the quarter. Strategic Financial Concepts LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $15,778,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in ANGL. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 4th quarter valued at $6,174,000. Tidemark LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at about $118,000. 1832 Asset Management L.P. increased its position in VanEck Fallen Angel High Yield Bond ETF by 33.6% in the 4th quarter. 1832 Asset Management L.P. now owns 1,221,400 shares of the company’s stock worth $35,152,000 after purchasing an additional 307,509 shares during the last quarter. Mosaic Family Wealth Partners LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 1.1% during the 1st quarter. Mosaic Family Wealth Partners LLC now owns 139,968 shares of the company’s stock worth $4,062,000 after purchasing an additional 1,475 shares in the last quarter. Finally, Leo Wealth LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 4th quarter valued at about $340,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

NASDAQ:ANGL opened at $29.10 on Friday. The company has a market capitalization of $3.04 billion, a P/E ratio of 0.48 and a beta of 0.52. The stock’s 50 day moving average price is $28.77 and its 200 day moving average price is $28.67. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $26.28 and a 52 week high of $29.27.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.1501 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.