Howard Financial Services LTD. Grows Stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Howard Financial Services LTD. raised its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 27.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 310,752 shares of the company’s stock after purchasing an additional 66,309 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF comprises about 1.3% of Howard Financial Services LTD.’s investment portfolio, making the stock its 21st biggest position. Howard Financial Services LTD. owned 0.29% of VanEck Fallen Angel High Yield Bond ETF worth $9,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the second quarter valued at about $25,000. EverSource Wealth Advisors LLC grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 138.8% during the second quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock valued at $26,000 after acquiring an additional 522 shares in the last quarter. Pineridge Advisors LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the fourth quarter valued at about $50,000. Gleason Group Inc. acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the second quarter valued at about $55,000. Finally, SageView Advisory Group LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the first quarter valued at about $92,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $29.07 on Wednesday. The company has a market capitalization of $3.13 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 $29.47. The business has a 50-day moving average of $29.08 and a 200-day moving average of $28.74.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a $0.1501 dividend. The ex-dividend date of this dividend was Tuesday, September 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.