Elm3 Financial Group LLC Purchases Shares of 7,224 VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Elm3 Financial Group LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,224 shares of the company’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ANGL. LPL Financial LLC lifted its position in VanEck Fallen Angel High Yield Bond ETF by 7.0% in the 3rd quarter. LPL Financial LLC now owns 3,772,806 shares of the company’s stock worth $110,958,000 after buying an additional 246,899 shares during the last quarter. Capital Investment Advisors LLC lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 4.1% in the 4th quarter. Capital Investment Advisors LLC now owns 2,925,316 shares of the company’s stock worth $83,869,000 after acquiring an additional 116,162 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 2.6% in the 3rd quarter. Cerity Partners LLC now owns 2,802,413 shares of the company’s stock valued at $82,419,000 after purchasing an additional 70,163 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 last quarter. Finally, Integrated Wealth Concepts LLC raised its position in VanEck Fallen Angel High Yield Bond ETF by 54.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 802,677 shares of the company’s stock worth $23,607,000 after purchasing an additional 282,668 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.3 %

NASDAQ ANGL opened at $29.02 on Thursday. The company has a 50-day simple moving average of $28.91 and a two-hundred day simple moving average of $28.99. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.98 and a 12-month high of $29.47. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.1563 per share. The ex-dividend date of this dividend is Monday, February 3rd.

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.