New Century Financial Group LLC Invests $326,000 in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

New Century Financial Group LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 11,511 shares of the company’s stock, valued at approximately $326,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ANGL. State of Tennessee Treasury Department increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 61.9% during the fourth quarter. State of Tennessee Treasury Department now owns 3,933,600 shares of the company’s stock valued at $113,209,000 after acquiring an additional 1,504,000 shares during the last quarter. LPL Financial LLC increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 4.4% in the 2nd quarter. LPL Financial LLC now owns 3,525,907 shares of the company’s stock valued at $99,783,000 after purchasing an additional 148,241 shares during the last quarter. Capital Investment Advisors LLC raised its position in VanEck Fallen Angel High Yield Bond ETF by 3.9% in the second quarter. Capital Investment Advisors LLC now owns 3,000,290 shares of the company’s stock valued at $84,908,000 after purchasing an additional 113,818 shares during the period. Envestnet Asset Management Inc. lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 10.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 2,167,274 shares of the company’s stock worth $62,374,000 after purchasing an additional 211,090 shares in the last quarter. Finally, Morningstar Investment Services LLC boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 98.6% during the fourth quarter. Morningstar Investment Services LLC now owns 1,732,443 shares of the company’s stock worth $49,964,000 after buying an additional 860,132 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.5 %

ANGL stock opened at $29.27 on Wednesday. The business’s fifty day moving average price is $29.03 and its 200 day moving average price is $28.73. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.28 and a 12-month high of $29.47. 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 Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.1501 per share. 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.