Level Four Advisory Services LLC Buys 1,730 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Level Four Advisory Services LLC increased its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 24.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,791 shares of the company’s stock after buying an additional 1,730 shares during the quarter. Level Four Advisory Services LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $252,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,376,646 shares of the company’s stock valued at $40,487,000 after buying an additional 38,164 shares during the period. Citigroup Inc. lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 34.8% during the 3rd quarter. Citigroup Inc. now owns 177,132 shares of the company’s stock worth $5,209,000 after acquiring an additional 45,694 shares during the last quarter. Hilltop Holdings Inc. purchased a new position in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter valued at $737,000. Integrated Wealth Concepts LLC grew its position in VanEck Fallen Angel High Yield Bond ETF by 54.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 802,677 shares of the company’s stock valued at $23,607,000 after acquiring an additional 282,668 shares during the last quarter. Finally, IHT Wealth Management LLC increased its stake in VanEck Fallen Angel High Yield Bond ETF by 6.4% in the third quarter. IHT Wealth Management LLC now owns 77,809 shares of the company’s stock worth $2,288,000 after purchasing an additional 4,706 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.4 %

Shares of ANGL opened at $28.74 on Wednesday. The firm has a fifty day moving average price of $28.94 and a 200-day moving average price of $28.99. The firm has a market capitalization of $2.98 billion, a P/E ratio of 60.45 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.98 and a 12-month high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st will be paid a $0.1578 dividend. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.16. This represents a $1.89 dividend on an annualized basis and a yield of 6.59%. The ex-dividend date is Tuesday, April 1st.

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.