4,121,808 Shares in VanEck Fallen Angel High Yield Bond ETF $ANGL Acquired by Capital Investment Advisors LLC

Capital Investment Advisors LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,121,808 shares of the company’s stock, valued at approximately $114,627,000. VanEck Fallen Angel High Yield Bond ETF accounts for approximately 1.4% of Capital Investment Advisors LLC’s holdings, making the stock its 11th largest position.

A number of other institutional investors also recently added to or reduced their stakes in ANGL. Meridian Financial Advisors LLC boosted its position in 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 valued at $321,000 after buying an additional 490 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 1.4% during 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 in the last quarter. Eagle Bay Advisors LLC increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 3.6% in the first quarter. Eagle Bay Advisors LLC now owns 16,960 shares of the company’s stock valued at $487,000 after acquiring an additional 588 shares during the last quarter. Kaizen Financial Strategies raised its stake 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 purchasing an additional 642 shares in the last quarter. Finally, Royal Bank of Canada increased its position in VanEck Fallen Angel High Yield Bond ETF by 0.8% during the first 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 last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

NASDAQ:ANGL opened at $27.55 on Friday. The stock has a fifty day moving average price of $28.28 and a 200-day moving average price of $28.80. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 59.37 and a beta of 0.44. 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 firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a dividend of $0.1583 per share. The ex-dividend date was Thursday, October 1st. This represents a $1.90 annualized dividend and a yield of 6.9%. This is a drop 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.