Raymond James Financial Inc. Acquires New Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Raymond James Financial Inc. acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 665,714 shares of the company’s stock, valued at approximately $19,086,000.

Several other institutional investors also recently bought and sold shares of the company. LPL Financial LLC grew its position in VanEck Fallen Angel High Yield Bond ETF by 7.0% during 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 last quarter. Capital Investment Advisors LLC boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 4.1% during the 4th quarter. Capital Investment Advisors LLC now owns 2,925,316 shares of the company’s stock valued at $83,869,000 after acquiring an additional 116,162 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 2.6% during the 3rd quarter. Cerity Partners LLC now owns 2,802,413 shares of the company’s stock valued at $82,419,000 after acquiring an additional 70,163 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 8.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,499,618 shares of the company’s stock valued at $42,994,000 after acquiring an additional 122,972 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 1.1% during the 4th quarter. Bank of New York Mellon Corp now owns 1,198,889 shares of the company’s stock valued at $34,372,000 after acquiring an additional 13,587 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.3 %

Shares of NASDAQ ANGL opened at $28.89 on Monday. The firm’s 50-day moving average price is $28.90 and its 200-day moving average price is $29.00. The company has a market cap of $2.99 billion, a PE ratio of 60.80 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.98 and a 52-week high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.1361 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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.