Coppell Advisory Solutions Corp. Acquires New Shares in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Coppell Advisory Solutions Corp. purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 8,750 shares of the company’s stock, valued at approximately $254,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Partners LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF in the 4th quarter worth $33,000. Pineridge Advisors LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF in the 4th quarter worth $50,000. SageView Advisory Group LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF in the 1st quarter worth $92,000. First Horizon Advisors Inc. raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 61.0% in the 4th quarter. First Horizon Advisors Inc. now owns 3,612 shares of the company’s stock worth $104,000 after purchasing an additional 1,369 shares during the period. Finally, Tidemark LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the fourth quarter valued at about $118,000.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.7 %

NASDAQ:ANGL traded down $0.19 on Thursday, reaching $28.70. 561,181 shares of the company’s stock traded hands, compared to its average volume of 1,113,174. The stock has a 50-day simple moving average of $28.55 and a 200-day simple moving average of $28.66. The firm has a market cap 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 $26.28 and a 12 month high of $29.21.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, July 1st were issued a dividend of $0.1507 per share. The ex-dividend date was Monday, July 1st.

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.