Howard Financial Services LTD. Has $18.08 Million Position in VanEck Fallen Angel High Yield Bond ETF $ANGL

Howard Financial Services LTD. increased its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 4.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 615,543 shares of the company’s stock after buying an additional 28,212 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF comprises approximately 2.1% of Howard Financial Services LTD.’s portfolio, making the stock its 15th largest holding. Howard Financial Services LTD.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $18,075,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. ACT Advisors LLC. lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 10.9% during the third quarter. ACT Advisors LLC. now owns 285,636 shares of the company’s stock valued at $8,492,000 after acquiring an additional 28,013 shares during the period. AE Wealth Management LLC grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 5.1% in the 3rd quarter. AE Wealth Management LLC now owns 514,602 shares of the company’s stock worth $15,299,000 after purchasing an additional 25,076 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 2.7% in the 2nd quarter. Evergreen Capital Management LLC now owns 1,033,582 shares of the company’s stock worth $30,263,000 after purchasing an additional 27,409 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter worth about $519,000. Finally, CWM LLC increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 825.5% during the 3rd quarter. CWM LLC now owns 48,294 shares of the company’s stock worth $1,436,000 after purchasing an additional 43,076 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.3%

Shares of ANGL stock opened at $28.59 on Wednesday. The company has a market capitalization of $3.02 billion, a P/E ratio of 59.37 and a beta of 0.44. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.92 and a 12-month high of $29.77. The firm has a 50-day moving average price of $29.39 and a 200 day moving average price of $29.44.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.1405 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%.

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.