VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Shares Purchased by Brass Tax Wealth Management Inc.

Brass Tax Wealth Management Inc. boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 276.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,276 shares of the company’s stock after buying an additional 35,468 shares during the quarter. Brass Tax Wealth Management Inc.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $1,420,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,376,646 shares of the company’s stock worth $40,487,000 after buying an additional 38,164 shares during the period. Bank of Montreal Can boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 482.2% in the second quarter. Bank of Montreal Can now owns 541,407 shares of the company’s stock valued at $15,463,000 after purchasing an additional 448,415 shares during the period. Heritage Oak Wealth Advisors LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at approximately $274,000. Peak Financial Advisors LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the third quarter valued at approximately $5,888,000. Finally, Evergreen Capital Management LLC boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 1.7% in the second quarter. Evergreen Capital Management LLC now owns 994,173 shares of the company’s stock valued at $28,135,000 after purchasing an additional 16,388 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of NASDAQ ANGL traded down $0.05 during midday trading on Friday, hitting $29.07. The company’s stock had a trading volume of 141,431 shares, compared to its average volume of 978,317. The business’s fifty day simple moving average is $29.06 and its two-hundred day simple moving average is $28.90. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.98 and a 1 year high of $29.47. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were paid a $0.1568 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.88 dividend on an annualized basis and a yield of 6.47%.

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.