Towneley Capital Management Inc DE Acquires 5,554 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL

Towneley Capital Management Inc DE raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 4.5% in the 2nd quarter, Holdings Channel reports. The firm owned 128,359 shares of the company’s stock after purchasing an additional 5,554 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF accounts for 0.9% of Towneley Capital Management Inc DE’s holdings, making the stock its 16th biggest holding. Towneley Capital Management Inc DE’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $3,758,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Silver Oak Securities Incorporated raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 0.9% in the second quarter. Silver Oak Securities Incorporated now owns 38,911 shares of the company’s stock valued at $1,139,000 after acquiring an additional 354 shares in the last quarter. Retirement Guys Formula LLC raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 0.7% in the second quarter. Retirement Guys Formula LLC now owns 48,684 shares of the company’s stock valued at $1,425,000 after acquiring an additional 358 shares in the last quarter. TFG Advisers LLC raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 1.2% in the second quarter. TFG Advisers LLC now owns 34,194 shares of the company’s stock valued at $1,001,000 after acquiring an additional 415 shares in the last quarter. Biltmore Family Office LLC raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 48.9% in the first quarter. Biltmore Family Office LLC now owns 1,394 shares of the company’s stock valued at $40,000 after acquiring an additional 458 shares in the last quarter. Finally, Elm3 Financial Group LLC raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 6.8% in the second quarter. Elm3 Financial Group LLC now owns 7,515 shares of the company’s stock valued at $220,000 after acquiring an additional 476 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

ANGL stock opened at $29.54 on Tuesday. The business has a 50-day moving average price of $29.46 and a 200 day moving average price of $28.93. The company has a market capitalization of $3.13 billion, a P/E ratio of 59.37 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $26.92 and a 1-year high of $29.75.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were issued a $0.1465 dividend. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date was Wednesday, October 1st.

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.