Assetmark Inc. Increases Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Assetmark Inc. lifted its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 281.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,357 shares of the company’s stock after acquiring an additional 1,001 shares during the period. Assetmark Inc.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $40,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Rovin Capital UT ADV boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 3.6% in the 3rd quarter. Rovin Capital UT ADV now owns 67,131 shares of the company’s stock valued at $1,974,000 after buying an additional 2,350 shares in the last quarter. Financial Services Advisory Inc grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 4.1% in the third quarter. Financial Services Advisory Inc now owns 46,273 shares of the company’s stock worth $1,361,000 after purchasing an additional 1,823 shares during the last quarter. US Financial Advisors LLC grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 3.4% in the third quarter. US Financial Advisors LLC now owns 167,309 shares of the company’s stock worth $4,921,000 after purchasing an additional 5,443 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 42.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 107,410 shares of the company’s stock valued at $3,159,000 after purchasing an additional 32,146 shares during the last quarter. Finally, Principal Securities Inc. boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 2.4% in the 3rd quarter. Principal Securities Inc. now owns 134,409 shares of the company’s stock worth $3,953,000 after purchasing an additional 3,096 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of NASDAQ:ANGL opened at $28.98 on Tuesday. The firm has a market capitalization of $3.05 billion, a P/E ratio of 0.48 and a beta of 0.52. The business’s 50-day moving average is $29.12 and its 200 day moving average is $28.84. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.98 and a 1 year high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were given a $0.1568 dividend. This represents a $1.88 annualized dividend and a dividend yield of 6.49%. The ex-dividend date was Friday, November 1st.

About VanEck Fallen Angel High Yield Bond ETF

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.