ATX Financial Planning LLC Makes New Investment in VanEck Fallen Angel High Yield Bond ETF $ANGL

ATX Financial Planning LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,830 shares of the company’s stock, valued at approximately $582,000.

Several other institutional investors have also bought and sold shares of the stock. Bank of America Corp DE grew its position in VanEck Fallen Angel High Yield Bond ETF by 6.2% in the third quarter. Bank of America Corp DE now owns 20,594,595 shares of the company’s stock valued at $612,277,000 after acquiring an additional 1,193,879 shares during the period. Capital Investment Advisors LLC boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 9.8% in the 4th quarter. Capital Investment Advisors LLC now owns 3,657,979 shares of the company’s stock valued at $107,417,000 after purchasing an additional 326,747 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 5.1% in the 4th quarter. Cerity Partners LLC now owns 3,334,783 shares of the company’s stock valued at $97,926,000 after purchasing an additional 163,292 shares in the last quarter. Southern Farm Bureau Life Insurance grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 110.1% in the 4th quarter. Southern Farm Bureau Life Insurance now owns 2,587,512 shares of the company’s stock worth $76,045,000 after purchasing an additional 1,356,065 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 3.4% in the 4th quarter. Morgan Stanley now owns 2,568,558 shares of the company’s stock worth $75,426,000 after purchasing an additional 83,928 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.3%

Shares of ANGL stock opened at $29.18 on Friday. The company has a market capitalization of $3.06 billion, a P/E ratio of 59.37 and a beta of 0.43. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $28.35 and a 12-month high of $29.77. The firm has a 50-day moving average price of $29.12 and a 200 day moving average price of $29.26.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were paid a $0.1535 dividend. The ex-dividend date was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%.

VanEck Fallen Angel High Yield Bond ETF Company 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.