18,819 Shares in VanEck Fallen Angel High Yield Bond ETF $ANGL Bought by McAlister Sweet & Associates Inc.

McAlister Sweet & Associates Inc. purchased a new position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,819 shares of the company’s stock, valued at approximately $523,000. VanEck Fallen Angel High Yield Bond ETF accounts for about 0.4% of McAlister Sweet & Associates Inc.’s investment portfolio, making the stock its 22nd biggest position.

Other institutional investors have also bought and sold shares of the company. Meridian Financial Advisors LLC grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 4.6% in the first quarter. Meridian Financial Advisors LLC now owns 11,176 shares of the company’s stock worth $321,000 after purchasing an additional 490 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 1.4% during the 1st quarter. Sanctuary Advisors LLC now owns 41,538 shares of the company’s stock valued at $1,193,000 after buying an additional 555 shares during the last quarter. Eagle Bay Advisors LLC boosted its position in 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 valued at $487,000 after buying an additional 588 shares during the period. Alteri Wealth LLC boosted its position in VanEck Fallen Angel High Yield Bond ETF by 5.7% during the 4th quarter. Alteri Wealth LLC now owns 11,910 shares of the company’s stock valued at $350,000 after buying an additional 639 shares during the period. Finally, Kaizen Financial Strategies grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 4.5% in the 1st quarter. Kaizen Financial Strategies now owns 14,766 shares of the company’s stock worth $432,000 after acquiring an additional 642 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.2%

Shares of NASDAQ:ANGL traded down $0.06 during midday trading on Wednesday, hitting $27.66. 631,189 shares of the stock traded hands, compared to its average volume of 870,918. The stock has a market capitalization of $3.03 billion, a PE ratio of 59.37 and a beta of 0.44. The business’s 50 day moving average is $28.66 and its two-hundred day moving average is $28.91. VanEck Fallen Angel High Yield Bond ETF has a one year low of $27.44 and a one year high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a dividend of $0.1583 per share. This represents a $1.90 dividend on an annualized basis and a 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 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.