Raymond James Financial Inc. Makes New $19.09 Million Investment in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Raymond James Financial Inc. acquired a new position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 665,714 shares of the company’s stock, valued at approximately $19,086,000. Raymond James Financial Inc. owned approximately 0.64% of VanEck Fallen Angel High Yield Bond ETF at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,376,646 shares of the company’s stock worth $40,487,000 after acquiring an additional 38,164 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter worth about $424,000. Bank of New York Mellon Corp increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 1,198,889 shares of the company’s stock worth $34,372,000 after acquiring an additional 13,587 shares in the last quarter. Strategic Financial Concepts LLC increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 3.7% in the 4th quarter. Strategic Financial Concepts LLC now owns 21,331 shares of the company’s stock worth $612,000 after acquiring an additional 757 shares in the last quarter. Finally, Lowe Wealth Advisors LLC increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 252.0% in the 4th quarter. Lowe Wealth Advisors LLC now owns 2,520 shares of the company’s stock worth $72,000 after acquiring an additional 1,804 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $28.89 on Monday. The company has a 50-day moving average of $28.90 and a 200 day moving average of $29.00. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 60.80 and a beta of 0.52. 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 firm also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a $0.1361 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

VanEck Fallen Angel High Yield Bond ETF Company 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.