Occidental Asset Management LLC Acquires 11,737 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Occidental Asset Management LLC increased its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 277,557 shares of the company’s stock after purchasing an additional 11,737 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF comprises about 1.2% of Occidental Asset Management LLC’s holdings, making the stock its 20th largest position. Occidental Asset Management LLC owned 0.26% of VanEck Fallen Angel High Yield Bond ETF worth $7,958,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in ANGL. LPL Financial LLC boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 7.0% in the 3rd quarter. LPL Financial LLC now owns 3,772,806 shares of the company’s stock valued at $110,958,000 after purchasing an additional 246,899 shares during the period. Capital Investment Advisors LLC raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 4.1% in the fourth quarter. Capital Investment Advisors LLC now owns 2,925,316 shares of the company’s stock worth $83,869,000 after buying an additional 116,162 shares in the last quarter. Cerity Partners LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 2.6% during the third quarter. Cerity Partners LLC now owns 2,802,413 shares of the company’s stock valued at $82,419,000 after buying an additional 70,163 shares during the period. Charles Schwab Investment Management Inc. raised its position in VanEck Fallen Angel High Yield Bond ETF by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,376,646 shares of the company’s stock valued at $40,487,000 after purchasing an additional 38,164 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its position in VanEck Fallen Angel High Yield Bond ETF by 0.9% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,229,659 shares of the company’s stock valued at $34,799,000 after buying an additional 10,666 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.2 %

Shares of NASDAQ:ANGL opened at $28.88 on Friday. The company has a 50-day moving average price of $28.93 and a 200-day moving average price of $28.94. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 12 month low of $26.98 and a 12 month high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 27th were given a dividend of $0.1564 per share. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15. The ex-dividend date of this dividend was Friday, December 27th.

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.