First Horizon Advisors Inc. Has $104,000 Stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

First Horizon Advisors Inc. lifted its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 61.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,612 shares of the company’s stock after purchasing an additional 1,369 shares during the quarter. First Horizon Advisors Inc.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $104,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ANGL. Geneos Wealth Management Inc. lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 1.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 26,678 shares of the company’s stock worth $768,000 after purchasing an additional 364 shares during the last quarter. B.O.S.S. Retirement Advisors LLC grew its position in VanEck Fallen Angel High Yield Bond ETF by 1.9% in the fourth quarter. B.O.S.S. Retirement Advisors LLC now owns 27,904 shares of the company’s stock valued at $803,000 after acquiring an additional 508 shares during the last quarter. 1620 Investment Advisors Inc. boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 1.3% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 42,778 shares of the company’s stock valued at $1,158,000 after purchasing an additional 529 shares in the last quarter. Family Legacy Inc. grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 0.4% during the 4th quarter. Family Legacy Inc. now owns 139,632 shares of the company’s stock valued at $4,019,000 after purchasing an additional 571 shares during the last quarter. Finally, BCS Wealth Management increased its position in VanEck Fallen Angel High Yield Bond ETF by 2.8% during the 4th quarter. BCS Wealth Management now owns 21,417 shares of the company’s stock worth $616,000 after purchasing an additional 578 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $28.59 on Tuesday. The company’s 50 day moving average price is $28.64 and its two-hundred day moving average price is $28.42. The firm has a market capitalization of $2.93 billion, a P/E ratio of 0.48 and a beta of 0.34. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.28 and a fifty-two week high of $29.21.

VanEck Fallen Angel High Yield Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Thursday, May 2nd will be issued a $0.1511 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $1.81 dividend on an annualized basis and a yield of 6.34%.

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.