Darrow Company Inc. Boosts Stock Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Darrow Company Inc. grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 37.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 79,154 shares of the company’s stock after buying an additional 21,615 shares during the period. VanEck Fallen Angel High Yield Bond ETF comprises 1.3% of Darrow Company Inc.’s holdings, making the stock its 18th biggest position. Darrow Company Inc.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $2,269,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ANGL. Charles Schwab Investment Management Inc. raised its stake in VanEck Fallen Angel High Yield Bond ETF by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,376,646 shares of the company’s stock valued at $40,487,000 after purchasing an additional 38,164 shares during the period. Peak Financial Advisors LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter valued at approximately $5,888,000. Foundations Investment Advisors LLC raised its stake in VanEck Fallen Angel High Yield Bond ETF by 18.4% during the 3rd quarter. Foundations Investment Advisors LLC now owns 13,594 shares of the company’s stock valued at $400,000 after purchasing an additional 2,117 shares during the period. CHB Investment Group LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter valued at approximately $8,744,000. Finally, Stewardship Advisors LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter valued at approximately $3,053,000.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.1 %

Shares of ANGL opened at $28.99 on Friday. The business’s 50 day moving average is $28.91 and its 200 day moving average is $28.99. The company has a market capitalization of $3.00 billion, a PE ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.98 and a 12-month high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a $0.1563 dividend. The ex-dividend date was Monday, February 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.