Allworth Financial LP Boosts Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Allworth Financial LP raised its position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 8.2% during the third quarter, HoldingsChannel reports. The fund owned 329,465 shares of the company’s stock after acquiring an additional 25,023 shares during the quarter. Allworth Financial LP’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $9,690,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ANGL. Truist Financial Corp boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 0.7% during the 2nd quarter. Truist Financial Corp now owns 48,116 shares of the company’s stock valued at $1,362,000 after acquiring an additional 347 shares during the period. Delta Investment Management LLC boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 2.6% during the second quarter. Delta Investment Management LLC now owns 19,069 shares of the company’s stock valued at $540,000 after purchasing an additional 492 shares during the period. Retirement Guys Formula LLC boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 0.9% during the third quarter. Retirement Guys Formula LLC now owns 54,649 shares of the company’s stock valued at $1,607,000 after purchasing an additional 510 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 138.8% in the second quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock worth $26,000 after purchasing an additional 522 shares during the last quarter. Finally, Private Advisor Group LLC increased its stake in VanEck Fallen Angel High Yield Bond ETF by 2.8% in the 3rd quarter. Private Advisor Group LLC now owns 19,972 shares of the company’s stock worth $587,000 after buying an additional 536 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Price Performance

VanEck Fallen Angel High Yield Bond ETF stock opened at $29.00 on Friday. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. The firm has a 50-day moving average of $29.17 and a two-hundred day moving average of $28.76. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.42 and a 1 year high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a $0.1501 dividend. The ex-dividend date was Tuesday, September 3rd.

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.