Merit Financial Group LLC Acquires New Stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Merit Financial Group LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 21,538 shares of the company’s stock, valued at approximately $618,000.

Other large investors have also recently added to or reduced their stakes in the company. Millennium Management LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the second quarter worth about $21,998,000. Bank of Montreal Can boosted its position in VanEck Fallen Angel High Yield Bond ETF by 482.2% during the 2nd quarter. Bank of Montreal Can now owns 541,407 shares of the company’s stock worth $15,463,000 after acquiring an additional 448,415 shares during the last quarter. CHB Investment Group LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth approximately $8,744,000. Integrated Wealth Concepts LLC grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 54.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 802,677 shares of the company’s stock worth $23,607,000 after acquiring an additional 282,668 shares in the last quarter. Finally, LPL Financial LLC lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 7.0% in the third 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 in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.2 %

VanEck Fallen Angel High Yield Bond ETF stock opened at $28.93 on Thursday. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $26.98 and a 1-year high of $29.47. The company has a fifty day simple moving average of $28.91 and a 200 day simple moving average of $28.96. The company has a market cap of $2.98 billion, a P/E ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 27th were given a $0.1564 dividend. The ex-dividend date was Friday, December 27th. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15.

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.