Howard Financial Services LTD. Has $20.19 Million Stock Position in VanEck Fallen Angel High Yield Bond ETF $ANGL

Howard Financial Services LTD. boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 3.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 690,639 shares of the company’s stock after acquiring an additional 21,463 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF accounts for about 2.0% of Howard Financial Services LTD.’s investment portfolio, making the stock its 15th largest holding. Howard Financial Services LTD. owned 0.65% of VanEck Fallen Angel High Yield Bond ETF worth $20,194,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ANGL. Southern Farm Bureau Life Insurance increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 110.1% in the 4th quarter. Southern Farm Bureau Life Insurance now owns 2,587,512 shares of the company’s stock valued at $76,045,000 after purchasing an additional 1,356,065 shares during the period. Bank of America Corp DE boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 6.2% during the third quarter. Bank of America Corp DE now owns 20,594,595 shares of the company’s stock worth $612,277,000 after purchasing an additional 1,193,879 shares during the period. Storen Legacy Partners LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the fourth quarter worth approximately $16,729,000. Janney Montgomery Scott LLC grew its position in VanEck Fallen Angel High Yield Bond ETF by 1,633.5% during the first quarter. Janney Montgomery Scott LLC now owns 433,373 shares of the company’s stock valued at $12,446,000 after purchasing an additional 408,373 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in VanEck Fallen Angel High Yield Bond ETF by 21.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,960,664 shares of the company’s stock valued at $57,575,000 after purchasing an additional 348,040 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

VanEck Fallen Angel High Yield Bond ETF stock opened at $28.97 on Wednesday. The firm has a market cap of $3.04 billion, a PE ratio of 59.37 and a beta of 0.42. The firm’s 50 day moving average price is $29.06 and its two-hundred day moving average price is $29.17. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $28.35 and a twelve month high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd will be issued a dividend of $0.1684 per share. This represents a c) annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Monday, August 3rd.

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.