Capital Investment Advisors LLC Increases Position in VanEck Fallen Angel High Yield Bond ETF $ANGL

Capital Investment Advisors LLC boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 9.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,657,979 shares of the company’s stock after acquiring an additional 326,747 shares during the period. VanEck Fallen Angel High Yield Bond ETF accounts for 1.6% of Capital Investment Advisors LLC’s investment portfolio, making the stock its 9th biggest holding. Capital Investment Advisors LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $107,417,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. SeaCrest Wealth Management LLC increased its position in VanEck Fallen Angel High Yield Bond ETF by 7.6% during the fourth quarter. SeaCrest Wealth Management LLC now owns 15,151 shares of the company’s stock worth $447,000 after acquiring an additional 1,071 shares during the period. Burns J W & Co. Inc. NY boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 1.2% in the 4th quarter. Burns J W & Co. Inc. NY now owns 65,217 shares of the company’s stock valued at $1,915,000 after purchasing an additional 780 shares during the period. Optivise Advisory Services LLC boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 80.3% in the 4th quarter. Optivise Advisory Services LLC now owns 50,753 shares of the company’s stock valued at $1,490,000 after purchasing an additional 22,610 shares during the period. Howard Financial Services LTD. boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 4.8% in the 4th quarter. Howard Financial Services LTD. now owns 615,543 shares of the company’s stock valued at $18,075,000 after purchasing an additional 28,212 shares during the period. Finally, David J Yvars Group grew its position in VanEck Fallen Angel High Yield Bond ETF by 106.2% in the 4th quarter. David J Yvars Group now owns 18,389 shares of the company’s stock worth $540,000 after purchasing an additional 9,472 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

NASDAQ:ANGL opened at $28.41 on Friday. The firm’s 50-day moving average is $29.32 and its 200-day moving average is $29.42. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.92 and a 52-week high of $29.77. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 59.37 and a beta of 0.44.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a $0.1405 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 5.9%.

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.