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

Strategic Financial Concepts LLC increased its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 2,872.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 611,573 shares of the company’s stock after buying an additional 590,999 shares during the quarter. Strategic Financial Concepts LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $17,534,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. LPL Financial LLC grew its stake in shares of 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 valued at $110,958,000 after buying an additional 246,899 shares in the last quarter. Capital Investment Advisors LLC grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 4.1% in the fourth quarter. Capital Investment Advisors LLC now owns 2,925,316 shares of the company’s stock valued at $83,869,000 after buying an additional 116,162 shares in the last quarter. Cerity Partners LLC grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 2.6% in the third quarter. Cerity Partners LLC now owns 2,802,413 shares of the company’s stock valued at $82,419,000 after buying an additional 70,163 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,376,646 shares of the company’s stock valued at $40,487,000 after buying an additional 38,164 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew 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 buying an additional 282,668 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

ANGL stock opened at $28.88 on Friday. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.98 and a 1 year high of $29.47. The firm has a market cap of $2.99 billion, a P/E ratio of 0.48 and a beta of 0.52. The stock has a 50-day simple moving average of $28.90 and a 200-day simple moving average of $28.99.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

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