Accel Wealth Management Acquires 4,766 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Accel Wealth Management increased its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 4.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 119,923 shares of the company’s stock after purchasing an additional 4,766 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF comprises 1.3% of Accel Wealth Management’s investment portfolio, making the stock its 14th largest holding. Accel Wealth Management’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $3,438,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 138.8% during the second quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock valued at $26,000 after acquiring an additional 522 shares in the last quarter. Assetmark Inc. raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 281.2% during the third quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock worth $40,000 after buying an additional 1,001 shares during the last quarter. Fortitude Family Office LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF during the third quarter worth $45,000. Lowe Wealth Advisors LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 252.0% in the fourth quarter. Lowe Wealth Advisors LLC now owns 2,520 shares of the company’s stock valued at $72,000 after buying an additional 1,804 shares in the last quarter. Finally, Great Valley Advisor Group Inc. grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 6.5% during the third quarter. Great Valley Advisor Group Inc. now owns 8,826 shares of the company’s stock valued at $260,000 after buying an additional 540 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

ANGL opened at $29.03 on Friday. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.98 and a fifty-two week high of $29.47. The firm has a market capitalization of $2.99 billion, a PE ratio of 0.48 and a beta of 0.52. The company’s 50-day moving average is $28.91 and its 200 day moving average is $28.96.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 27th were issued a $0.1564 dividend. The ex-dividend date was Friday, December 27th. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15.

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.