GFS Advisors LLC Makes New Investment in VanEck Fallen Angel High Yield Bond ETF $ANGL

GFS Advisors LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 24,432 shares of the company’s stock, valued at approximately $717,000.

Several other institutional investors have also added to or reduced their stakes in the business. Fortune Financial Advisors LLC raised its position in VanEck Fallen Angel High Yield Bond ETF by 2.9% in the fourth quarter. Fortune Financial Advisors LLC now owns 14,772 shares of the company’s stock worth $434,000 after acquiring an additional 418 shares during the period. 1620 Investment Advisors Inc. increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 0.8% in the fourth quarter. 1620 Investment Advisors Inc. now owns 52,607 shares of the company’s stock worth $1,545,000 after purchasing an additional 436 shares in the last quarter. IFP Advisors Inc increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 1.8% in the fourth quarter. IFP Advisors Inc now owns 28,855 shares of the company’s stock worth $847,000 after purchasing an additional 499 shares in the last quarter. Truist Financial Corp grew its stake in VanEck Fallen Angel High Yield Bond ETF by 3.6% during the fourth quarter. Truist Financial Corp now owns 14,593 shares of the company’s stock valued at $429,000 after acquiring an additional 504 shares in the last quarter. Finally, Perissos Private Wealth Management LLC grew its stake in VanEck Fallen Angel High Yield Bond ETF by 0.9% during the third quarter. Perissos Private Wealth Management LLC now owns 62,637 shares of the company’s stock valued at $1,862,000 after acquiring an additional 542 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

ANGL opened at $29.00 on Wednesday. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 59.37 and a beta of 0.43. The company has a fifty day moving average of $29.07 and a 200 day moving average of $29.27. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $28.35 and a fifty-two week high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were paid a dividend of $0.1535 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 6.4%.

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.