Fifth Third Securities Inc. Raises Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Fifth Third Securities Inc. boosted its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 19.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,205 shares of the company’s stock after purchasing an additional 9,096 shares during the period. Fifth Third Securities Inc. owned about 0.05% of VanEck Fallen Angel High Yield Bond ETF worth $1,602,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. VitalStone Financial LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the third quarter worth $26,000. ORG Partners LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF in the 4th quarter worth $33,000. Pineridge Advisors LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at about $50,000. First Horizon Advisors Inc. increased its position in shares of 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 acquiring an additional 1,369 shares during the period. Finally, Tidemark LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the fourth quarter valued at about $118,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

NASDAQ ANGL opened at $28.11 on Tuesday. The business’s 50-day moving average is $28.52 and its 200 day moving average is $28.70. The stock has a market capitalization of $2.90 billion, a PE ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.28 and a 1 year high of $29.21.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, July 1st will be given a $0.1507 dividend. The ex-dividend date is 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.