Advyzon Investment Management LLC Has $4.30 Million Stock Position in VanEck Fallen Angel High Yield Bond ETF $ANGL

Advyzon Investment Management LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 15.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 144,502 shares of the company’s stock after purchasing an additional 19,276 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF accounts for about 0.7% of Advyzon Investment Management LLC’s portfolio, making the stock its 29th largest position. Advyzon Investment Management LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $4,296,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 19.6% in the second quarter. Newbridge Financial Services Group Inc. now owns 4,192 shares of the company’s stock valued at $123,000 after acquiring an additional 688 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth approximately $129,000. CWM LLC grew its stake in VanEck Fallen Angel High Yield Bond ETF by 19.9% in the 2nd quarter. CWM LLC now owns 5,218 shares of the company’s stock valued at $153,000 after purchasing an additional 866 shares during the period. Clear Creek Financial Management LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at about $221,000. Finally, Strategic Blueprint LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth approximately $227,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of NASDAQ ANGL opened at $29.75 on Friday. The stock has a market capitalization of $3.14 billion, a PE ratio of 59.37 and a beta of 0.44. VanEck Fallen Angel High Yield Bond ETF has a one year low of $26.92 and a one year high of $29.78. The business’s fifty day moving average price is $29.53 and its 200-day moving average price is $29.46.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a dividend of $0.1591 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date was Monday, February 2nd.

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.