Toews Corp ADV Acquires Shares of 175,900 VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Toews Corp ADV bought a new position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 175,900 shares of the company’s stock, valued at approximately $5,062,000. VanEck Fallen Angel High Yield Bond ETF accounts for about 1.2% of Toews Corp ADV’s holdings, making the stock its 6th biggest holding. Toews Corp ADV owned approximately 0.17% of VanEck Fallen Angel High Yield Bond ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wrapmanager Inc. lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 0.6% in the 3rd quarter. Wrapmanager Inc. now owns 208,526 shares of the company’s stock worth $5,643,000 after purchasing an additional 1,235 shares during the period. Ameriprise Financial Inc. lifted its position 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 purchasing an additional 721,999 shares during the last quarter. Melone Private Wealth LLC lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 159.1% during the fourth quarter. Melone Private Wealth LLC now owns 231,268 shares of the company’s stock worth $6,656,000 after purchasing an additional 141,998 shares during the last quarter. Financial Services Advisory Inc purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at $9,191,000. Finally, Farther Finance Advisors LLC increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 20,659.4% during the second quarter. Farther Finance Advisors LLC now owns 34,253 shares of the company’s stock valued at $951,000 after buying an additional 34,088 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.4 %

VanEck Fallen Angel High Yield Bond ETF stock opened at $29.04 on Thursday. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $26.28 and a 52 week high of $29.21. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 59.99 and a beta of 0.52. The stock has a 50-day moving average price of $28.83 and a 200 day moving average price of $28.11.

VanEck Fallen Angel High Yield Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 7th. Investors of record on Monday, March 4th were paid a $0.1384 dividend. This represents a $1.66 annualized dividend and a yield of 5.72%. The ex-dividend date was Friday, March 1st.

VanEck Fallen Angel High Yield Bond ETF 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.