Silver Oak Securities Incorporated Purchases 16,088 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Silver Oak Securities Incorporated increased its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 50.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 48,059 shares of the company’s stock after acquiring an additional 16,088 shares during the quarter. Silver Oak Securities Incorporated’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $1,375,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ANGL. Charles Schwab Investment Management Inc. increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,376,646 shares of the company’s stock worth $40,487,000 after buying an additional 38,164 shares during the last quarter. Peak Financial Advisors LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF in the third quarter valued at $5,888,000. Foundations Investment Advisors LLC raised its position in VanEck Fallen Angel High Yield Bond ETF by 18.4% during the third quarter. Foundations Investment Advisors LLC now owns 13,594 shares of the company’s stock valued at $400,000 after purchasing an additional 2,117 shares in the last quarter. CHB Investment Group LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at about $8,744,000. Finally, Stewardship Advisors LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the third quarter worth about $3,053,000.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.1 %

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $28.99 on Friday. The firm has a market capitalization of $3.00 billion, a PE ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 12 month low of $26.98 and a 12 month high of $29.47. The business’s 50-day moving average price is $28.91 and its 200-day moving average price is $28.99.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a dividend of $0.1563 per share. The ex-dividend date was Monday, February 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.