Peak Financial Advisors LLC Makes New $5.89 Million Investment in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Peak Financial Advisors LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 200,192 shares of the company’s stock, valued at approximately $5,888,000. VanEck Fallen Angel High Yield Bond ETF makes up about 3.0% of Peak Financial Advisors LLC’s investment portfolio, making the stock its 8th largest holding. Peak Financial Advisors LLC owned 0.19% of VanEck Fallen Angel High Yield Bond ETF at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Millennium Management LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at $21,998,000. Strategic Financial Concepts LLC boosted its position in VanEck Fallen Angel High Yield Bond ETF by 2,993.0% during the second quarter. Strategic Financial Concepts LLC now owns 557,519 shares of the company’s stock worth $15,778,000 after acquiring an additional 539,494 shares during the last quarter. Jane Street Group LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the 1st quarter valued at about $14,510,000. Bank of Montreal Can lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 482.2% in the 2nd quarter. Bank of Montreal Can now owns 541,407 shares of the company’s stock worth $15,463,000 after purchasing an additional 448,415 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 208.3% during the 1st quarter. Cetera Investment Advisers now owns 516,743 shares of the company’s stock worth $14,996,000 after purchasing an additional 349,129 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

NASDAQ:ANGL opened at $29.09 on Friday. The stock has a 50 day moving average price of $29.10 and a 200 day moving average price of $28.75. The stock has a market cap of $3.13 billion, a PE ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a one year low of $26.28 and a one year high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently disclosed 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 was Tuesday, September 3rd.

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.