1620 Investment Advisors Inc. Purchases 1,027 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

1620 Investment Advisors Inc. boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,397 shares of the company’s stock after acquiring an additional 1,027 shares during the period. VanEck Fallen Angel High Yield Bond ETF makes up approximately 1.1% of 1620 Investment Advisors Inc.’s holdings, making the stock its 16th largest holding. 1620 Investment Advisors Inc.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $1,416,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ANGL. Creekside Partners increased its stake in VanEck Fallen Angel High Yield Bond ETF by 7.5% during the third quarter. Creekside Partners now owns 24,885 shares of the company’s stock valued at $732,000 after acquiring an additional 1,742 shares during the period. LPL Financial LLC grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 7.0% in the 3rd quarter. LPL Financial LLC now owns 3,772,806 shares of the company’s stock valued at $110,958,000 after purchasing an additional 246,899 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,376,646 shares of the company’s stock valued at $40,487,000 after purchasing an additional 38,164 shares during the period. Citigroup Inc. grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 34.8% in the 3rd quarter. Citigroup Inc. now owns 177,132 shares of the company’s stock valued at $5,209,000 after purchasing an additional 45,694 shares during the period. Finally, Great Valley Advisor Group Inc. grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 6.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 8,826 shares of the company’s stock valued at $260,000 after purchasing an additional 540 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.2 %

ANGL stock opened at $28.97 on Friday. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $26.98 and a 1-year high of $29.47. The firm has a market cap of $3.00 billion, a P/E ratio of 60.45 and a beta of 0.52. The business’s 50 day moving average is $28.92 and its 200-day moving average is $29.00.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a $0.1361 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.