AGF Management Ltd. Acquires 800 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

AGF Management Ltd. raised its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 0.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 89,000 shares of the company’s stock after buying an additional 800 shares during the quarter. AGF Management Ltd. owned 0.09% of VanEck Fallen Angel High Yield Bond ETF worth $2,552,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the fourth quarter worth $19,086,000. Strategic Financial Concepts LLC boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 2,872.6% in the 4th quarter. Strategic Financial Concepts LLC now owns 611,573 shares of the company’s stock valued at $17,534,000 after purchasing an additional 590,999 shares during the period. Integrated Wealth Concepts LLC grew its position in VanEck Fallen Angel High Yield Bond ETF by 54.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 802,677 shares of the company’s stock worth $23,607,000 after purchasing an additional 282,668 shares during the last quarter. LPL Financial LLC increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 7.0% during the 3rd quarter. LPL Financial LLC now owns 3,772,806 shares of the company’s stock worth $110,958,000 after purchasing an additional 246,899 shares during the period. Finally, National Bank of Canada FI acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at about $6,994,000.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.4 %

VanEck Fallen Angel High Yield Bond ETF stock opened at $28.79 on Friday. The business has a 50 day moving average price of $28.90 and a two-hundred day moving average price of $29.01. VanEck Fallen Angel High Yield Bond ETF has a 12 month low of $26.98 and a 12 month high of $29.47. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 60.80 and a beta of 0.52.

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 $0.1361 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.