97,328 Shares in VanEck Fallen Angel High Yield Bond ETF $ANGL Bought by Sound Income Strategies LLC

Sound Income Strategies LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 97,328 shares of the company’s stock, valued at approximately $2,690,000. Sound Income Strategies LLC owned approximately 0.09% of VanEck Fallen Angel High Yield Bond ETF at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust acquired a new position in VanEck Fallen Angel High Yield Bond ETF during the second quarter valued at approximately $38,000. Tompkins Financial Corp acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth $43,000. Western Wealth Management LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 1st quarter worth $49,000. Compass Financial Management LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter worth $82,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter worth $92,000.

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VanEck Fallen Angel High Yield Bond ETF Stock Up 0.1%

NASDAQ:ANGL opened at $27.68 on Friday. The stock’s 50-day simple moving average is $28.58 and its 200 day simple moving average is $28.88. The firm has a market capitalization of $3.02 billion, a PE ratio of 59.37 and a beta of 0.44. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $27.44 and a twelve month high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a $0.1583 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 6.9%. This is a decrease from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1590. The ex-dividend date of this dividend was Thursday, October 1st.

VanEck Fallen Angel High Yield Bond ETF Company Profile

(Free Report)

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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