VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Position Raised by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. boosted its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 519.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,267 shares of the company’s stock after purchasing an additional 2,740 shares during the period. Newbridge Financial Services Group Inc.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $94,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ANGL. Assetmark Inc. lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 281.2% in the third quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock valued at $40,000 after buying an additional 1,001 shares during the period. Fortitude Family Office LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at about $45,000. Lowe Wealth Advisors LLC boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 252.0% during the 4th quarter. Lowe Wealth Advisors LLC now owns 2,520 shares of the company’s stock valued at $72,000 after purchasing an additional 1,804 shares in the last quarter. Synergy Asset Management LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter worth approximately $108,000. Finally, Elm3 Financial Group LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter worth approximately $207,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

ANGL stock opened at $28.91 on Tuesday. The firm has a market cap of $2.99 billion, a PE ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 12 month low of $26.98 and a 12 month high of $29.47. The firm has a 50 day simple moving average of $28.90 and a 200 day simple moving average of $28.99.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were given a dividend of $0.1563 per share. The ex-dividend date of this dividend was Monday, February 3rd.

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.