Tallon Kerry Patrick Invests $366,000 in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Tallon Kerry Patrick acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 12,778 shares of the company’s stock, valued at approximately $366,000.

Several other institutional investors have also modified their holdings of the stock. Sebold Capital Management Inc. lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 25.2% during the 4th quarter. Sebold Capital Management Inc. now owns 115,866 shares of the company’s stock worth $3,322,000 after buying an additional 23,352 shares during the last quarter. Rovin Capital UT ADV increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 1.2% in the 4th quarter. Rovin Capital UT ADV now owns 67,916 shares of the company’s stock valued at $1,947,000 after acquiring an additional 785 shares during the period. Silvia Mccoll Wealth Management LLC increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 4.3% in the 4th quarter. Silvia Mccoll Wealth Management LLC now owns 116,711 shares of the company’s stock valued at $3,346,000 after acquiring an additional 4,765 shares during the period. Peak Financial Advisors LLC increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 42.1% in the 4th quarter. Peak Financial Advisors LLC now owns 284,503 shares of the company’s stock valued at $8,157,000 after acquiring an additional 84,311 shares during the period. Finally, Breakwater Capital Group increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 10.1% in the 4th quarter. Breakwater Capital Group now owns 38,395 shares of the company’s stock valued at $1,101,000 after acquiring an additional 3,525 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $28.88 on Friday. The firm’s fifty day simple moving average is $28.93 and its 200-day simple moving average is $28.94. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 0.48 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 firm also recently announced a dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 27th were issued a $0.1564 dividend. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15. The ex-dividend date of this dividend was Friday, December 27th.

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.