NovaPoint Capital LLC Purchases New Holdings in VanEck Fallen Angel High Yield Bond ETF $ANGL

NovaPoint Capital LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 45,674 shares of the company’s stock, valued at approximately $1,270,000.

Several other large investors have also recently bought and sold shares of the stock. Parkside Financial Bank & Trust bought a new stake in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at $38,000. Tompkins Financial Corp bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the third quarter valued at about $43,000. Western Wealth Management LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the first quarter valued at about $49,000. Compass Financial Management LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the second quarter worth about $82,000. Finally, TD Waterhouse Canada Inc. acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the third quarter worth about $83,000.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.1%

ANGL traded up $0.02 on Friday, hitting $27.55. 763,704 shares of the stock traded hands, compared to its average volume of 898,697. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $27.25 and a 52 week high of $29.77. The firm has a market capitalization of $2.97 billion, a PE ratio of 59.37 and a beta of 0.44. The business has a fifty day moving average price of $28.28 and a two-hundred day moving average price of $28.80.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a $0.1583 dividend. The ex-dividend date was Thursday, October 1st. This is a negative change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1590. This represents a $1.90 dividend on an annualized basis and a dividend yield of 6.9%.

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.