Cypress Financial Planning LLC Grows Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Cypress Financial Planning LLC grew its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 379,137 shares of the company’s stock after buying an additional 19,964 shares during the period. VanEck Fallen Angel High Yield Bond ETF accounts for about 4.0% of Cypress Financial Planning LLC’s portfolio, making the stock its 9th biggest holding. Cypress Financial Planning LLC owned approximately 0.36% of VanEck Fallen Angel High Yield Bond ETF worth $10,870,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 138.8% in the second quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock valued at $26,000 after purchasing an additional 522 shares during the last quarter. Assetmark Inc. grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 281.2% in the 3rd quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock valued at $40,000 after buying an additional 1,001 shares in the last quarter. Fortitude Family Office LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth $45,000. Lowe Wealth Advisors LLC lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 252.0% during the fourth quarter. Lowe Wealth Advisors LLC now owns 2,520 shares of the company’s stock worth $72,000 after buying an additional 1,804 shares in the last quarter. Finally, Great Valley Advisor Group Inc. boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 6.5% in the third quarter. Great Valley Advisor Group Inc. now owns 8,826 shares of the company’s stock valued at $260,000 after acquiring an additional 540 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

NASDAQ:ANGL opened at $28.55 on Tuesday. The firm’s 50-day simple moving average is $28.93 and its 200 day simple moving average is $28.94. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $26.98 and a 52 week high of $29.47. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 27th were paid a $0.1564 dividend. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15. The ex-dividend date of this dividend was Friday, December 27th.

About VanEck Fallen Angel High Yield Bond ETF

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.