Howard Financial Services LTD. Has $4.44 Million Stock Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Howard Financial Services LTD. boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 35.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 152,843 shares of the company’s stock after buying an additional 39,956 shares during the period. VanEck Fallen Angel High Yield Bond ETF makes up about 0.8% of Howard Financial Services LTD.’s holdings, making the stock its 27th biggest position. Howard Financial Services LTD. owned approximately 0.14% of VanEck Fallen Angel High Yield Bond ETF worth $4,436,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. RiverFront Investment Group LLC raised its position in VanEck Fallen Angel High Yield Bond ETF by 37.1% during the fourth quarter. RiverFront Investment Group LLC now owns 459,999 shares of the company’s stock valued at $13,238,000 after buying an additional 124,546 shares during the period. Atlantic Edge Private Wealth Management LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at about $6,174,000. Geneos Wealth Management Inc. grew its stake in VanEck Fallen Angel High Yield Bond ETF by 1.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 26,678 shares of the company’s stock valued at $768,000 after purchasing an additional 364 shares in the last quarter. Zimmermann Investment Management & Planning LLC grew its stake in VanEck Fallen Angel High Yield Bond ETF by 13.6% in the fourth quarter. Zimmermann Investment Management & Planning LLC now owns 129,816 shares of the company’s stock valued at $3,736,000 after purchasing an additional 15,556 shares in the last quarter. Finally, Aviance Capital Partners LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at about $435,000.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.4 %

NASDAQ ANGL traded down $0.10 on Friday, reaching $28.30. The stock had a trading volume of 1,134,610 shares, compared to its average volume of 1,184,175. The business has a 50 day moving average price of $28.51 and a 200 day moving average price of $28.70. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.28 and a 1 year high of $29.21. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, June 6th. Shareholders of record on Monday, June 3rd were paid a $0.1562 dividend. The ex-dividend date was Monday, June 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.