Cypress Financial Planning LLC Increases Position in VanEck Fallen Angel High Yield Bond ETF $ANGL

Cypress Financial Planning LLC boosted its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 6.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 467,398 shares of the company’s stock after purchasing an additional 27,857 shares during the period. VanEck Fallen Angel High Yield Bond ETF makes up about 3.8% of Cypress Financial Planning LLC’s portfolio, making the stock its 9th largest holding. Cypress Financial Planning LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $13,732,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ANGL. Bank of America Corp DE increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 6.2% during the 3rd quarter. Bank of America Corp DE now owns 20,594,595 shares of the company’s stock valued at $612,277,000 after purchasing an additional 1,193,879 shares during the period. Capital Investment Advisors LLC lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 9.8% in the fourth quarter. Capital Investment Advisors LLC now owns 3,657,979 shares of the company’s stock valued at $107,417,000 after buying an additional 326,747 shares during the period. Cerity Partners LLC lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 4.1% in the third quarter. Cerity Partners LLC now owns 3,171,491 shares of the company’s stock valued at $94,288,000 after buying an additional 124,871 shares during the period. 1832 Asset Management L.P. boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 4.0% during the second quarter. 1832 Asset Management L.P. now owns 1,225,643 shares of the company’s stock valued at $35,887,000 after buying an additional 47,147 shares in the last quarter. Finally, Ocean Park Asset Management LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 14.9% during the third quarter. Ocean Park Asset Management LLC now owns 1,049,200 shares of the company’s stock valued at $31,193,000 after buying an additional 135,800 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.4%

NASDAQ:ANGL opened at $28.41 on Friday. The business’s 50-day moving average price is $29.32 and its 200 day moving average price 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 firm has a market cap of $3.00 billion, a P/E ratio of 59.37 and a beta of 0.44.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.1405 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend 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.