Axxcess Wealth Management LLC Invests $932,000 in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Axxcess Wealth Management LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the 4th quarter, Holdings Channel reports. The fund acquired 32,368 shares of the company’s stock, valued at approximately $932,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Raymond James & Associates grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 142.8% during the 3rd quarter. Raymond James & Associates now owns 380,375 shares of the company’s stock worth $10,293,000 after acquiring an additional 223,689 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth about $26,364,000. Concourse Financial Group Securities Inc. increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 408.0% in the third quarter. Concourse Financial Group Securities Inc. now owns 1,016 shares of the company’s stock valued at $27,000 after acquiring an additional 816 shares during the last quarter. Mackenzie Financial Corp bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the third quarter worth about $2,015,000. Finally, Park Avenue Securities LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at approximately $236,000.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.2 %

NASDAQ:ANGL opened at $28.59 on Tuesday. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $26.28 and a twelve month high of $29.21. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 0.48 and a beta of 0.34. The stock’s 50 day moving average price is $28.64 and its two-hundred day moving average price is $28.42.

VanEck Fallen Angel High Yield Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd will be issued a dividend of $0.1511 per share. The ex-dividend date is Wednesday, May 1st. This represents a $1.81 dividend on an annualized basis and a yield of 6.34%.

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.