AXS Investments LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL – Free Report) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 50,000 shares of the company’s stock, valued at approximately $1,439,000.
Other institutional investors also recently bought and sold shares of the company. VitalStone Financial LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the third quarter valued at $26,000. ORG Partners LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the fourth quarter valued at about $33,000. First Horizon Advisors Inc. increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 61.0% during the fourth quarter. First Horizon Advisors Inc. now owns 3,612 shares of the company’s stock worth $104,000 after acquiring an additional 1,369 shares during the last quarter. Tidemark LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the fourth quarter worth about $118,000. Finally, Simplex Trading LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF in the third quarter valued at about $129,000.
VanEck Fallen Angel High Yield Bond ETF Trading Up 0.4 %
ANGL stock traded up $0.11 during midday trading on Friday, hitting $28.60. 333,970 shares of the company’s stock were exchanged, compared to its average volume of 1,237,674. The firm has a 50 day moving average price of $28.61 and a 200-day moving average price of $28.58. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.28 and a 12-month high of $29.21. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52.
VanEck Fallen Angel High Yield Bond ETF Announces Dividend
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.
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