Hilltop Holdings Inc. Buys Shares of 25,076 VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Hilltop Holdings Inc. bought a new stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 25,076 shares of the company’s stock, valued at approximately $737,000.

Other large investors also recently bought and sold shares of the company. Triad Wealth Partners LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at $25,000. EverSource Wealth Advisors LLC lifted its position 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 valued at $26,000 after acquiring an additional 522 shares in the last quarter. Assetmark Inc. lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 281.2% in the third quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock valued at $40,000 after acquiring an additional 1,001 shares in the last quarter. Fortitude Family Office LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the third quarter valued at $45,000. Finally, Gleason Group Inc. purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at $55,000.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.3 %

NASDAQ ANGL opened at $29.21 on Thursday. The business’s 50-day moving average price is $29.08 and its 200 day moving average price is $28.87. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $26.98 and a twelve month high of $29.47. The company has a market capitalization of $3.07 billion, a PE ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a $0.1568 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.44%.

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.