Summit Investment Advisors Inc. Has $1.17 Million Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Summit Investment Advisors Inc. increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 9.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,624 shares of the company’s stock after purchasing an additional 3,585 shares during the quarter. Summit Investment Advisors Inc.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $1,165,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. World Investment Advisors LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth about $2,569,000. Tidal Investments LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the third quarter worth about $6,249,000. Synovus Financial Corp acquired a new position in VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at approximately $323,000. Brass Tax Wealth Management Inc. grew its stake in VanEck Fallen Angel High Yield Bond ETF by 276.9% in the third quarter. Brass Tax Wealth Management Inc. now owns 48,276 shares of the company’s stock valued at $1,420,000 after purchasing an additional 35,468 shares in the last quarter. Finally, HBW Advisory Services LLC increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 5.3% during the 4th quarter. HBW Advisory Services LLC now owns 9,594 shares of the company’s stock worth $275,000 after purchasing an additional 485 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $27.88 on Thursday. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.92 and a 12-month high of $29.47. The business’s 50 day moving average is $28.64 and its 200-day moving average is $28.86. The stock has a market cap of $2.82 billion, a P/E ratio of 57.90 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were paid a $0.1578 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.89 dividend on an annualized basis and a yield of 6.79%. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.16.

About VanEck Fallen Angel High Yield Bond ETF

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.