Howard Financial Services LTD. Acquires 104,475 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Howard Financial Services LTD. boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 33.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 415,227 shares of the company’s stock after purchasing an additional 104,475 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF comprises approximately 1.6% of Howard Financial Services LTD.’s holdings, making the stock its 18th largest position. Howard Financial Services LTD. owned about 0.39% of VanEck Fallen Angel High Yield Bond ETF worth $11,905,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the second quarter worth about $21,998,000. Bank of Montreal Can grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 482.2% during the 2nd quarter. Bank of Montreal Can now owns 541,407 shares of the company’s stock worth $15,463,000 after purchasing an additional 448,415 shares in the last quarter. CHB Investment Group LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at approximately $8,744,000. Integrated Wealth Concepts LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 54.4% in the third quarter. Integrated Wealth Concepts LLC now owns 802,677 shares of the company’s stock valued at $23,607,000 after purchasing an additional 282,668 shares in the last quarter. Finally, LPL Financial LLC lifted its position in VanEck Fallen Angel High Yield Bond ETF by 7.0% in the third quarter. LPL Financial LLC now owns 3,772,806 shares of the company’s stock worth $110,958,000 after purchasing an additional 246,899 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $28.90 on Friday. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.98 and a 52-week high of $29.47. The firm has a market capitalization of $3.04 billion, a PE ratio of 0.48 and a beta of 0.52. The company’s fifty day moving average price is $28.92 and its two-hundred day moving average price is $28.94.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 27th were paid a dividend of $0.1564 per share. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15. The ex-dividend date was Friday, December 27th.

VanEck Fallen Angel High Yield Bond ETF Company 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.