45,674 Shares in VanEck Fallen Angel High Yield Bond ETF $ANGL Bought by NovaPoint Capital LLC

NovaPoint Capital LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 45,674 shares of the company’s stock, valued at approximately $1,270,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ANGL. Meridian Financial Advisors LLC grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 4.6% during the first quarter. Meridian Financial Advisors LLC now owns 11,176 shares of the company’s stock valued at $321,000 after purchasing an additional 490 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 1.4% in the first quarter. Sanctuary Advisors LLC now owns 41,538 shares of the company’s stock worth $1,193,000 after buying an additional 555 shares during the last quarter. Eagle Bay Advisors LLC boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 3.6% during the 1st quarter. Eagle Bay Advisors LLC now owns 16,960 shares of the company’s stock worth $487,000 after buying an additional 588 shares during the period. Kaizen Financial Strategies boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 4.5% during the 1st quarter. Kaizen Financial Strategies now owns 14,766 shares of the company’s stock worth $432,000 after buying an additional 642 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 0.8% during the 1st quarter. Royal Bank of Canada now owns 123,157 shares of the company’s stock worth $3,537,000 after buying an additional 917 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Price Performance

NASDAQ:ANGL traded up $0.02 during midday trading on Friday, reaching $27.55. The stock had a trading volume of 763,704 shares, compared to its average volume of 898,697. The stock has a market capitalization of $2.97 billion, a P/E ratio of 59.37 and a beta of 0.44. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $27.25 and a 1-year high of $29.77. The firm’s fifty day simple moving average is $28.28 and its 200-day simple moving average is $28.80.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

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

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.