149,772 Shares in VanEck Fallen Angel High Yield Bond ETF $ANGL Bought by Darrow Company Inc.

Darrow Company Inc. purchased a new stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 149,772 shares of the company’s stock, valued at approximately $4,167,000. VanEck Fallen Angel High Yield Bond ETF accounts for 1.7% of Darrow Company Inc.’s portfolio, making the stock its 20th largest position.

A number of other large investors have also added to or reduced their stakes in ANGL. Wealthcare Advisory Partners LLC lifted its holdings in VanEck Fallen Angel High Yield Bond ETF by 2.8% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 708,131 shares of the company’s stock valued at $20,706,000 after purchasing an additional 19,295 shares during the last quarter. Howard Financial Services LTD. increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 3.2% in the second quarter. Howard Financial Services LTD. now owns 690,639 shares of the company’s stock valued at $20,194,000 after purchasing an additional 21,463 shares during the last quarter. Ocean Park Asset Management LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at $17,401,000. Envestnet Asset Management Inc. increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 12.8% in the second quarter. Envestnet Asset Management Inc. now owns 587,488 shares of the company’s stock valued at $17,178,000 after purchasing an additional 66,478 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 8.3% in the first quarter. Cetera Investment Advisers now owns 480,849 shares of the company’s stock valued at $13,810,000 after purchasing an additional 36,662 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of ANGL opened at $27.53 on Friday. The firm has a market capitalization of $3.00 billion, a PE ratio of 59.37 and a beta of 0.44. The company’s 50-day moving average is $28.31 and its 200-day moving average is $28.81. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $27.25 and a fifty-two week high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a dividend of $0.1583 per share. This represents a $1.90 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend was Thursday, October 1st. This is a negative change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1590.

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.