Napier Financial LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL – Free Report) in the fourth quarter, Holdings Channel reports. The firm bought 203,254 shares of the company’s stock, valued at approximately $5,969,000. VanEck Fallen Angel High Yield Bond ETF accounts for 1.5% of Napier Financial LLC’s portfolio, making the stock its 19th largest position.
A number of other large investors have also recently added to or reduced their stakes in the stock. Fortune Financial Advisors LLC boosted its position in VanEck Fallen Angel High Yield Bond ETF by 2.9% during the fourth quarter. Fortune Financial Advisors LLC now owns 14,772 shares of the company’s stock worth $434,000 after purchasing an additional 418 shares during the period. 1620 Investment Advisors Inc. boosted its position in VanEck Fallen Angel High Yield Bond ETF by 0.8% during the fourth quarter. 1620 Investment Advisors Inc. now owns 52,607 shares of the company’s stock worth $1,545,000 after purchasing an additional 436 shares during the period. IFP Advisors Inc boosted its position in VanEck Fallen Angel High Yield Bond ETF by 1.8% during the fourth quarter. IFP Advisors Inc now owns 28,855 shares of the company’s stock worth $847,000 after purchasing an additional 499 shares during the period. Truist Financial Corp boosted its position in VanEck Fallen Angel High Yield Bond ETF by 3.6% during the fourth quarter. Truist Financial Corp now owns 14,593 shares of the company’s stock worth $429,000 after purchasing an additional 504 shares during the period. Finally, Perissos Private Wealth Management LLC boosted its position in VanEck Fallen Angel High Yield Bond ETF by 0.9% during the third quarter. Perissos Private Wealth Management LLC now owns 62,637 shares of the company’s stock worth $1,862,000 after purchasing an additional 542 shares during the period.
VanEck Fallen Angel High Yield Bond ETF Price Performance
Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $28.94 on Monday. The stock has a market capitalization of $3.04 billion, a P/E ratio of 59.37 and a beta of 0.43. The stock has a 50 day moving average price of $29.05 and a two-hundred day moving average price of $29.28. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $28.35 and a 12-month high of $29.77.
VanEck Fallen Angel High Yield Bond ETF Cuts Dividend
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.
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