Hobart Private Capital LLC Buys 11,468 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Hobart Private Capital LLC increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 45.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 36,508 shares of the company’s stock after acquiring an additional 11,468 shares during the quarter. Hobart Private Capital LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $1,059,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. State of Tennessee Treasury Department raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 61.9% in the fourth quarter. State of Tennessee Treasury Department now owns 3,933,600 shares of the company’s stock worth $113,209,000 after purchasing an additional 1,504,000 shares during the period. Morningstar Investment Services LLC raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 98.6% during the fourth quarter. Morningstar Investment Services LLC now owns 1,732,443 shares of the company’s stock worth $49,964,000 after acquiring an additional 860,132 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 53.9% during the third quarter. Ameriprise Financial Inc. now owns 2,060,940 shares of the company’s stock worth $55,796,000 after acquiring an additional 721,999 shares during the period. Wilbanks Smith & Thomas Asset Management LLC raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 562.1% during the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 661,041 shares of the company’s stock worth $19,025,000 after acquiring an additional 561,195 shares during the period. Finally, ACT Advisors LLC. acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the 4th quarter valued at $16,135,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

ANGL stock traded down $0.03 during midday trading on Tuesday, hitting $28.55. The company’s stock had a trading volume of 907,790 shares, compared to its average volume of 1,180,322. The company’s fifty day moving average price is $28.50 and its 200 day moving average price is $28.70. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $26.28 and a twelve month high of $29.21. The stock has a market capitalization of $2.95 billion, a P/E ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, June 6th. Stockholders of record on Monday, June 3rd were given a $0.1562 dividend. The ex-dividend date was Monday, June 3rd.

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.