Peak Financial Advisors LLC Raises Stock Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Peak Financial Advisors LLC raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 42.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 284,503 shares of the company’s stock after acquiring an additional 84,311 shares during the period. VanEck Fallen Angel High Yield Bond ETF comprises approximately 4.2% of Peak Financial Advisors LLC’s portfolio, making the stock its 7th biggest holding. Peak Financial Advisors LLC owned about 0.27% of VanEck Fallen Angel High Yield Bond ETF worth $8,157,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. LPL Financial LLC grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 7.0% in the third quarter. LPL Financial LLC now owns 3,772,806 shares of the company’s stock worth $110,958,000 after purchasing an additional 246,899 shares during the last quarter. Capital Investment Advisors LLC grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 4.1% in the fourth quarter. Capital Investment Advisors LLC now owns 2,925,316 shares of the company’s stock worth $83,869,000 after purchasing an additional 116,162 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 2.6% in the third quarter. Cerity Partners LLC now owns 2,802,413 shares of the company’s stock worth $82,419,000 after purchasing an additional 70,163 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,376,646 shares of the company’s stock worth $40,487,000 after purchasing an additional 38,164 shares during the last quarter. Finally, 1832 Asset Management L.P. grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 0.9% in the second quarter. 1832 Asset Management L.P. now owns 1,229,659 shares of the company’s stock worth $34,799,000 after purchasing an additional 10,666 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $28.57 on Wednesday. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.98 and a 52-week high of $29.47. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. The company’s 50 day moving average price is $28.93 and its 200-day moving average price is $28.94.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 27th were issued a $0.1564 dividend. The ex-dividend date was Friday, December 27th. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15.

About VanEck Fallen Angel High Yield Bond ETF

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.