VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Shares Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. increased its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 6.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 228,317 shares of the company’s stock after acquiring an additional 13,550 shares during the period. Envestnet Portfolio Solutions Inc. owned approximately 0.22% of VanEck Fallen Angel High Yield Bond ETF worth $6,626,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. ORG Partners LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at $33,000. Pineridge Advisors LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at $50,000. First Horizon Advisors Inc. increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 61.0% in the fourth quarter. First Horizon Advisors Inc. now owns 3,612 shares of the company’s stock valued at $104,000 after buying an additional 1,369 shares during the last quarter. Tidemark LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at $118,000. Finally, J.W. Cole Advisors Inc. purchased a new position in VanEck Fallen Angel High Yield Bond ETF in the first quarter valued at $202,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of ANGL stock traded up $0.12 during mid-day trading on Friday, hitting $28.71. 306,882 shares of the stock were exchanged, compared to its average volume of 1,160,524. The stock’s fifty day simple moving average is $28.52 and its two-hundred day simple moving average is $28.67. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.28 and a 12-month high of $29.21.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, July 1st were issued a dividend of $0.1507 per share. The ex-dividend date was Monday, July 1st.

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.