Principal Securities Inc. Grows Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Principal Securities Inc. boosted its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 2.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 134,409 shares of the company’s stock after purchasing an additional 3,096 shares during the quarter. Principal Securities Inc. owned about 0.13% of VanEck Fallen Angel High Yield Bond ETF worth $3,953,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Triad Wealth Partners LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at $25,000. EverSource Wealth Advisors LLC raised its position in VanEck Fallen Angel High Yield Bond ETF by 138.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock valued at $26,000 after purchasing an additional 522 shares during the last quarter. Fortitude Family Office LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at $45,000. Gleason Group Inc. purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at $55,000. Finally, SageView Advisory Group LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the 1st quarter valued at $92,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $28.66 on Friday. The company has a market cap of $3.02 billion, a P/E 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 firm has a fifty day moving average of $29.15 and a two-hundred day moving average of $28.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st will be given a dividend of $0.1568 per share. The ex-dividend date is Friday, November 1st. This represents a $1.88 dividend on an annualized basis and a yield of 6.57%.

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.