OneDigital Investment Advisors LLC Raises Stock Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

OneDigital Investment Advisors LLC raised its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 10.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 193,813 shares of the company’s stock after purchasing an additional 18,338 shares during the quarter. OneDigital Investment Advisors LLC owned 0.18% of VanEck Fallen Angel High Yield Bond ETF worth $5,700,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Triad Wealth Partners LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter valued at approximately $25,000. EverSource Wealth Advisors LLC grew its position in VanEck Fallen Angel High Yield Bond ETF by 138.8% during the second quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock valued at $26,000 after buying an additional 522 shares during the period. Assetmark Inc. increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 281.2% in the third quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock valued at $40,000 after buying an additional 1,001 shares in the last quarter. Fortitude Family Office LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the third quarter worth about $45,000. Finally, Gleason Group Inc. purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter worth about $55,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $28.93 on Friday. The firm has a market cap of $3.04 billion, a PE ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $26.98 and a twelve month high of $29.47. The business has a 50-day moving average price of $29.12 and a 200 day moving average price of $28.82.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were given a $0.1568 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date was Friday, November 1st.

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.