HighTower Advisors LLC Acquires 95,012 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

HighTower Advisors LLC grew its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 76.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,738 shares of the company’s stock after acquiring an additional 95,012 shares during the period. HighTower Advisors LLC owned 0.21% of VanEck Fallen Angel High Yield Bond ETF worth $6,271,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. LPL Financial LLC increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 7.0% during the 3rd quarter. LPL Financial LLC now owns 3,772,806 shares of the company’s stock worth $110,958,000 after purchasing an additional 246,899 shares during the last quarter. Capital Investment Advisors LLC increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 4.1% during the fourth quarter. Capital Investment Advisors LLC now owns 2,925,316 shares of the company’s stock worth $83,869,000 after buying an additional 116,162 shares during the last quarter. Cerity Partners LLC raised its position in VanEck Fallen Angel High Yield Bond ETF by 2.6% during the third quarter. Cerity Partners LLC now owns 2,802,413 shares of the company’s stock worth $82,419,000 after acquiring an additional 70,163 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 8.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,499,618 shares of the company’s stock valued at $42,994,000 after acquiring an additional 122,972 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 1,198,889 shares of the company’s stock valued at $34,372,000 after acquiring an additional 13,587 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Price Performance

VanEck Fallen Angel High Yield Bond ETF stock opened at $28.90 on Wednesday. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.98 and a fifty-two week high of $29.47. The firm has a market capitalization of $3.22 billion, a PE ratio of 60.45 and a beta of 0.55. The company’s 50-day moving average is $28.91 and its 200-day moving average is $29.00.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a $0.1361 dividend. The ex-dividend date of this dividend was Monday, March 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.