Sovran Advisors LLC Makes New Investment in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Sovran Advisors LLC bought a new stake in 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 firm bought 9,633 shares of the company’s stock, valued at approximately $275,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LPL Financial LLC increased its stake in VanEck Fallen Angel High Yield Bond ETF by 7.0% in the third quarter. LPL Financial LLC now owns 3,772,806 shares of the company’s stock valued at $110,958,000 after acquiring 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% in the 4th quarter. Capital Investment Advisors LLC now owns 2,925,316 shares of the company’s stock valued at $83,869,000 after purchasing an additional 116,162 shares in the last quarter. Cerity Partners LLC increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 2.6% in the 3rd quarter. Cerity Partners LLC now owns 2,802,413 shares of the company’s stock valued at $82,419,000 after purchasing an additional 70,163 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,376,646 shares of the company’s stock worth $40,487,000 after buying an additional 38,164 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 54.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 802,677 shares of the company’s stock worth $23,607,000 after buying an additional 282,668 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.5 %

NASDAQ:ANGL opened at $28.92 on Friday. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $26.98 and a twelve month high of $29.47. The stock’s 50-day simple moving average is $28.88 and its 200 day simple moving average is $28.99. The firm has a market capitalization of $2.99 billion, a PE ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were paid a $0.1563 dividend. The ex-dividend date was Monday, February 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.