Howard Financial Services LTD. Buys 5,144 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Howard Financial Services LTD. grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 5.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 108,961 shares of the company’s stock after acquiring an additional 5,144 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF comprises approximately 0.7% of Howard Financial Services LTD.’s portfolio, making the stock its 26th biggest position. Howard Financial Services LTD. owned approximately 0.11% of VanEck Fallen Angel High Yield Bond ETF worth $3,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of ANGL. Aspire Private Capital LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF in the first quarter worth about $25,133,940,000. Stonebridge Capital Advisors LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF during the 1st quarter valued at about $38,000. FMR LLC lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 1,600.0% during the first quarter. FMR LLC now owns 1,700 shares of the company’s stock worth $48,000 after purchasing an additional 1,600 shares during the last quarter. WealthShield Partners LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the 1st quarter valued at about $82,000. Finally, CWM LLC lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 41.9% in the 1st quarter. CWM LLC now owns 4,683 shares of the company’s stock worth $131,000 after buying an additional 1,383 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Price Performance

NASDAQ ANGL traded down $0.03 during midday trading on Tuesday, hitting $27.54. 140,371 shares of the company traded hands, compared to its average volume of 1,856,240. The company has a market cap of $2.90 billion, a PE ratio of 59.99 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $25.75 and a 52 week high of $28.44. The company’s 50-day simple moving average is $27.60 and its 200-day simple moving average is $27.53.

VanEck Fallen Angel High Yield Bond ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, September 8th. Shareholders of record on Tuesday, September 5th were issued a $0.1347 dividend. The ex-dividend date of this dividend was Friday, September 1st. This represents a $1.62 dividend on an annualized basis and a yield of 5.87%.

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.