Sheets Smith Wealth Management Buys 2,847 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Sheets Smith Wealth Management increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,001 shares of the company’s stock after buying an additional 2,847 shares during the quarter. Sheets Smith Wealth Management’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $1,525,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Raymond James & Associates grew its stake in VanEck Fallen Angel High Yield Bond ETF by 142.8% in the 3rd quarter. Raymond James & Associates now owns 380,375 shares of the company’s stock valued at $10,293,000 after purchasing an additional 223,689 shares during the period. Independent Advisor Alliance bought a new position in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at $447,000. Bank of New York Mellon Corp bought a new position in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at $26,364,000. Concourse Financial Group Securities Inc. grew its stake in VanEck Fallen Angel High Yield Bond ETF by 408.0% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 1,016 shares of the company’s stock valued at $27,000 after purchasing an additional 816 shares during the period. Finally, BluePath Capital Management LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at $160,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of NASDAQ ANGL traded up $0.15 during trading on Friday, reaching $28.54. 2,480,409 shares of the stock traded hands, compared to its average volume of 1,277,084. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.28 and a 52-week high of $29.21. The company has a 50-day moving average of $28.64 and a 200-day moving average of $28.41. The stock has a market capitalization of $2.93 billion, a P/E ratio of 0.48 and a beta of 0.34.

VanEck Fallen Angel High Yield Bond ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd will be issued a dividend of $0.1511 per share. The ex-dividend date is Wednesday, May 1st. This represents a $1.81 dividend on an annualized basis and a yield of 6.35%.

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.