Axis Wealth Partners LLC Takes Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Axis Wealth Partners LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 25,183 shares of the company’s stock, valued at approximately $722,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Assetmark Inc. raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 281.2% in the third quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock valued at $40,000 after purchasing an additional 1,001 shares during the period. Van ECK Associates Corp raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 38.1% in the 4th quarter. Van ECK Associates Corp now owns 1,414 shares of the company’s stock worth $41,000 after acquiring an additional 390 shares during the period. Lowe Wealth Advisors LLC lifted its position in VanEck Fallen Angel High Yield Bond ETF by 252.0% during the 4th quarter. Lowe Wealth Advisors LLC now owns 2,520 shares of the company’s stock worth $72,000 after acquiring an additional 1,804 shares during the last quarter. Newbridge Financial Services Group Inc. grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 519.9% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,267 shares of the company’s stock valued at $94,000 after purchasing an additional 2,740 shares during the last quarter. Finally, Synergy Asset Management LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the fourth quarter worth about $108,000.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.7 %

Shares of NASDAQ:ANGL opened at $29.02 on Friday. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 60.80 and a beta of 0.52. The business has a 50 day moving average price of $28.88 and a 200 day moving average price of $29.02. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $26.98 and a twelve month high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a dividend of $0.1361 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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.