VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Shares Acquired by Cypress Financial Planning LLC

Cypress Financial Planning LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 7.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 164,097 shares of the company’s stock after purchasing an additional 11,358 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF comprises about 2.6% of Cypress Financial Planning LLC’s investment portfolio, making the stock its 9th largest holding. Cypress Financial Planning LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $4,531,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Frank Rimerman Advisors LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 1st quarter valued at $3,448,000. Ameriprise Financial Inc. grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 409.0% in the 1st quarter. Ameriprise Financial Inc. now owns 4,138,582 shares of the company’s stock valued at $115,889,000 after purchasing an additional 3,325,555 shares during the period. Columbia Advisory Partners LLC grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 998.2% during the first quarter. Columbia Advisory Partners LLC now owns 115,859 shares of the company’s stock worth $3,246,000 after purchasing an additional 105,309 shares during the last quarter. Occidental Asset Management LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF in the 1st quarter worth approximately $2,457,000. Finally, Blue Edge Capital LLC lifted its holdings in VanEck Fallen Angel High Yield Bond ETF by 7.9% in the fourth quarter. Blue Edge Capital LLC now owns 196,963 shares of the company’s stock valued at $5,322,000 after buying an additional 14,364 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

ANGL stock remained flat at $27.56 during midday trading on Monday. The company’s stock had a trading volume of 79,847 shares, compared to its average volume of 1,862,368. The company has a market cap of $2.91 billion, a P/E ratio of 59.99 and a beta of 0.52. The stock’s 50 day moving average is $27.60 and its two-hundred day moving average is $27.53. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $25.75 and a 52-week high of $28.44.

VanEck Fallen Angel High Yield Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, September 8th. Shareholders of record on Tuesday, September 5th were given a dividend of $0.1347 per share. This represents a $1.62 annualized dividend and a yield of 5.87%. The ex-dividend date of this dividend was Friday, September 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.