Trilogy Capital Inc. Grows Stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Trilogy Capital Inc. increased its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 597,154 shares of the company’s stock after purchasing an additional 19,336 shares during the period. Trilogy Capital Inc.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $17,562,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Triad Wealth Partners LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth $25,000. EverSource Wealth Advisors LLC increased 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. Gleason Group Inc. purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the second quarter worth about $55,000. SageView Advisory Group LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the first quarter worth about $92,000. Finally, Cultivar Capital Inc. bought a new position in VanEck Fallen Angel High Yield Bond ETF during the second quarter valued at approximately $121,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

NASDAQ ANGL opened at $29.22 on Monday. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $26.28 and a 1-year high of $29.47. The business has a 50 day simple moving average of $29.16 and a two-hundred day simple moving average of $28.75. The stock has a market capitalization of $3.13 billion, a PE ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently announced 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 of this dividend was Tuesday, September 3rd.

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.