VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 2.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,802,413 shares of the company’s stock after acquiring an additional 70,163 shares during the period. Cerity Partners LLC owned approximately 2.66% of VanEck Fallen Angel High Yield Bond ETF worth $82,419,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Great Valley Advisor Group Inc. lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 6.5% during the third quarter. Great Valley Advisor Group Inc. now owns 8,826 shares of the company’s stock worth $260,000 after purchasing an additional 540 shares in the last quarter. Citigroup Inc. increased its stake in VanEck Fallen Angel High Yield Bond ETF by 34.8% during the 3rd quarter. Citigroup Inc. now owns 177,132 shares of the company’s stock worth $5,209,000 after buying an additional 45,694 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in VanEck Fallen Angel High Yield Bond ETF by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,376,646 shares of the company’s stock worth $40,487,000 after buying an additional 38,164 shares in the last quarter. LPL Financial LLC boosted 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 valued at $110,958,000 after buying an additional 246,899 shares during the last quarter. Finally, Creekside Partners grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 7.5% during the third quarter. Creekside Partners now owns 24,885 shares of the company’s stock valued at $732,000 after acquiring an additional 1,742 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

NASDAQ:ANGL opened at $28.98 on Friday. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a one year low of $26.98 and a one year high of $29.47. The business’s 50-day simple moving average is $29.10 and its 200 day simple moving average is $28.85.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a $0.1568 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.49%. The ex-dividend date was Friday, November 1st.

About VanEck Fallen Angel High Yield Bond ETF

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.