Frank Rimerman Advisors LLC Purchases 125,518 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL

Frank Rimerman Advisors LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the third quarter, HoldingsChannel reports. The firm purchased 125,518 shares of the company’s stock, valued at approximately $3,491,000.

Several other institutional investors also recently modified their holdings of ANGL. Parkside Financial Bank & Trust acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at $38,000. Tompkins Financial Corp bought a new position in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth $43,000. Western Wealth Management LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF during the 1st quarter worth $49,000. Compass Financial Management LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter worth about $82,000. Finally, TD Waterhouse Canada Inc. acquired a new position in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth about $83,000.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.4%

NASDAQ ANGL opened at $27.36 on Friday. The business’s 50-day moving average price is $28.44 and its two-hundred day moving average price is $28.85. VanEck Fallen Angel High Yield Bond ETF has a 12 month low of $27.35 and a 12 month high of $29.77. The firm has a market capitalization of $2.99 billion, a PE ratio of 59.37 and a beta of 0.44.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

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

About VanEck Fallen Angel High Yield Bond ETF

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.