American Financial Advisors LLC Has $11.73 Million Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

American Financial Advisors LLC lessened its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 1.4% during the fourth quarter, HoldingsChannel reports. The fund owned 407,677 shares of the company’s stock after selling 5,903 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF accounts for about 1.7% of American Financial Advisors LLC’s investment portfolio, making the stock its 21st biggest holding. American Financial Advisors LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $11,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in ANGL. Wright Fund Management LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter worth about $27,539,000. 1832 Asset Management L.P. purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the 1st quarter valued at about $29,769,000. Bank of New York Mellon Corp purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at about $26,364,000. State of Tennessee Treasury Department increased its stake in VanEck Fallen Angel High Yield Bond ETF by 38.5% in the 2nd quarter. State of Tennessee Treasury Department now owns 3,269,600 shares of the company’s stock valued at $90,797,000 after buying an additional 909,584 shares during the last quarter. Finally, Lido Advisors LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the 1st quarter valued at about $21,428,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

NASDAQ:ANGL traded up $0.04 on Friday, hitting $28.21. The stock had a trading volume of 675,536 shares, compared to its average volume of 1,219,069. The stock has a market cap of $3.07 billion, a P/E ratio of 59.99 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.28 and a 1 year high of $29.21. The firm’s fifty day simple moving average is $28.73 and its two-hundred day simple moving average is $28.25.

VanEck Fallen Angel High Yield Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were paid a $0.152 dividend. The ex-dividend date of this dividend was Monday, April 1st. This represents a $1.82 annualized dividend and a yield of 6.47%.

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.