Sheets Smith Wealth Management Raises Stock Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Sheets Smith Wealth Management lifted its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 5.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 53,001 shares of the company’s stock after purchasing an additional 2,847 shares during the period. Sheets Smith Wealth Management’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $1,525,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. VitalStone Financial LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth $26,000. Concourse Financial Group Securities Inc. increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 408.0% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 1,016 shares of the company’s stock worth $27,000 after purchasing an additional 816 shares during the period. ORG Partners LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter valued at $33,000. First Horizon Advisors Inc. increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 61.0% in the 4th quarter. First Horizon Advisors Inc. now owns 3,612 shares of the company’s stock valued at $104,000 after acquiring an additional 1,369 shares during the period. Finally, Simplex Trading LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at $129,000.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.5 %

Shares of NASDAQ:ANGL traded up $0.15 on Friday, reaching $28.54. The company had a trading volume of 2,480,409 shares, compared to its average volume of 1,277,084. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.28 and a 52-week high of $29.21. The firm’s 50 day simple moving average is $28.64 and its 200-day simple moving average is $28.41. The firm has a market capitalization of $2.93 billion, a PE ratio of 0.48 and a beta of 0.34.

VanEck Fallen Angel High Yield Bond ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd will be issued a $0.1511 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $1.81 dividend on an annualized basis and a dividend yield of 6.35%.

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.