AXS Investments LLC Invests $1.44 Million in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

AXS Investments LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) 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

The business also recently declared a monthly dividend, which was paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd were issued a $0.1511 dividend. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $1.81 annualized dividend 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.