CHB Investment Group LLC Has $8.71 Million Stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

CHB Investment Group LLC raised its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 303,871 shares of the company’s stock after acquiring an additional 6,542 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF accounts for about 4.7% of CHB Investment Group LLC’s portfolio, making the stock its 3rd biggest holding. CHB Investment Group LLC owned 0.29% of VanEck Fallen Angel High Yield Bond ETF worth $8,712,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ANGL. Burns J W & Co. Inc. NY lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 20.0% in the 4th quarter. Burns J W & Co. Inc. NY now owns 62,385 shares of the company’s stock worth $1,789,000 after acquiring an additional 10,395 shares in the last quarter. Cooper Financial Group lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 8.1% in the fourth quarter. Cooper Financial Group now owns 101,177 shares of the company’s stock worth $2,901,000 after buying an additional 7,547 shares during the last quarter. Capital Investment Advisors LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 4.1% in the fourth 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 during the last quarter. Lowe Wealth Advisors LLC lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 252.0% during the fourth quarter. Lowe Wealth Advisors LLC now owns 2,520 shares of the company’s stock worth $72,000 after buying an additional 1,804 shares during the last quarter. Finally, HBW Advisory Services LLC grew its position in VanEck Fallen Angel High Yield Bond ETF by 5.3% in the 4th quarter. HBW Advisory Services LLC now owns 9,594 shares of the company’s stock worth $275,000 after purchasing an additional 485 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $28.55 on Tuesday. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $26.98 and a twelve month high of $29.47. The firm’s 50-day simple moving average is $28.93 and its 200-day simple moving average is $28.94. The firm has a market cap of $3.01 billion, a P/E ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 27th were paid a $0.1564 dividend. The ex-dividend date of this dividend was Friday, December 27th. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15.

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.