McAlister Sweet & Associates Inc. Purchases 18,819 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL

McAlister Sweet & Associates Inc. acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the third quarter, HoldingsChannel reports. The fund acquired 18,819 shares of the company’s stock, valued at approximately $523,000. VanEck Fallen Angel High Yield Bond ETF accounts for 0.4% of McAlister Sweet & Associates Inc.’s holdings, making the stock its 22nd biggest holding.

Several other institutional investors have also added to or reduced their stakes in ANGL. Kensington Asset Management LLC raised its stake in VanEck Fallen Angel High Yield Bond ETF by 2.2% in the fourth quarter. Kensington Asset Management LLC now owns 1,394,430 shares of the company’s stock worth $40,968,000 after buying an additional 30,560 shares in the last quarter. RFG Advisory LLC boosted its position in VanEck Fallen Angel High Yield Bond ETF by 331.6% during the 1st quarter. RFG Advisory LLC now owns 45,952 shares of the company’s stock valued at $1,320,000 after acquiring an additional 35,305 shares in the last quarter. Tidal Investments LLC boosted its position in VanEck Fallen Angel High Yield Bond ETF by 20.5% during the 2nd quarter. Tidal Investments LLC now owns 293,253 shares of the company’s stock valued at $8,575,000 after acquiring an additional 49,904 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 124.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 49,739 shares of the company’s stock worth $1,461,000 after acquiring an additional 27,601 shares during the period. Finally, Ferguson Shapiro LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth approximately $3,333,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of ANGL traded down $0.06 on Wednesday, reaching $27.66. The stock had a trading volume of 631,189 shares, compared to its average volume of 870,918. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 59.37 and a beta of 0.44. The company has a 50-day simple moving average of $28.66 and a 200-day simple moving average of $28.91. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $27.44 and a 12-month high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a $0.1583 dividend. This represents a $1.90 dividend on an annualized basis and a 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.

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.