Charles Schwab Investment Management Inc. Has $40.49 Million Stock Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Charles Schwab Investment Management Inc. boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 2.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,376,646 shares of the company’s stock after buying an additional 38,164 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.31% of VanEck Fallen Angel High Yield Bond ETF worth $40,487,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Truist Financial Corp raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 0.7% during the second quarter. Truist Financial Corp now owns 48,116 shares of the company’s stock worth $1,362,000 after acquiring an additional 347 shares during the period. Jaffetilchin Investment Partners LLC increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 1.2% during the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 28,909 shares of the company’s stock worth $850,000 after purchasing an additional 350 shares in the last quarter. Delta Investment Management LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 2.6% in the 2nd quarter. Delta Investment Management LLC now owns 19,069 shares of the company’s stock valued at $540,000 after purchasing an additional 492 shares during the period. Financial Advocates Investment Management lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 4.0% in the third quarter. Financial Advocates Investment Management now owns 12,870 shares of the company’s stock valued at $379,000 after purchasing an additional 495 shares in the last quarter. Finally, Retirement Guys Formula LLC boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 0.9% during the third quarter. Retirement Guys Formula LLC now owns 54,649 shares of the company’s stock worth $1,607,000 after buying an additional 510 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $29.12 on Tuesday. The firm has a market cap of $3.06 billion, a PE ratio of 0.48 and a beta of 0.52. The business’s 50 day simple moving average is $29.09 and its 200 day simple moving average is $28.87. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.98 and a 52-week high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were given a $0.1568 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.46%. The ex-dividend date of this dividend was Friday, November 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.