Aviance Capital Partners LLC Makes New Investment in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Aviance Capital Partners LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 15,119 shares of the company’s stock, valued at approximately $435,000.

A number of other institutional investors have also recently made changes to their positions in ANGL. LPL Financial LLC raised its stake in VanEck Fallen Angel High Yield Bond ETF by 18.5% in the third quarter. LPL Financial LLC now owns 2,762,840 shares of the company’s stock valued at $74,762,000 after buying an additional 431,597 shares during the last quarter. Capital Investment Advisors LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 3.2% in the 4th quarter. Capital Investment Advisors LLC now owns 2,713,464 shares of the company’s stock worth $78,094,000 after purchasing an additional 84,710 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 53.9% during the third quarter. Ameriprise Financial Inc. now owns 2,060,940 shares of the company’s stock worth $55,796,000 after buying an additional 721,999 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 48.6% during the third quarter. Envestnet Asset Management Inc. now owns 1,956,184 shares of the company’s stock worth $52,934,000 after purchasing an additional 639,723 shares during the last quarter. Finally, Wright Fund Management LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at $27,539,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of ANGL traded up $0.04 during mid-day trading on Tuesday, reaching $28.63. The stock had a trading volume of 4,330,458 shares, compared to its average volume of 1,305,142. The business’s fifty day moving average is $28.64 and its 200 day moving average is $28.44. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 0.48 and a beta of 0.34. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.28 and a 52-week high of $29.21.

VanEck Fallen Angel High Yield Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd will be issued a $0.1511 dividend. This represents a $1.81 dividend on an annualized basis and a yield of 6.33%. The ex-dividend date of this dividend is Wednesday, May 1st.

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.