Wrapmanager Inc. Boosts Stock Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Wrapmanager Inc. increased its position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 13.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 238,637 shares of the company’s stock after purchasing an additional 27,418 shares during the period. VanEck Fallen Angel High Yield Bond ETF makes up approximately 1.8% of Wrapmanager Inc.’s portfolio, making the stock its 15th largest position. Wrapmanager Inc. owned about 0.23% of VanEck Fallen Angel High Yield Bond ETF worth $7,018,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ANGL. Triad Wealth Partners LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the second quarter worth about $25,000. EverSource Wealth Advisors LLC increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 138.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock valued at $26,000 after acquiring an additional 522 shares in the last quarter. Assetmark Inc. increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 281.2% during the 3rd quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock valued at $40,000 after acquiring an additional 1,001 shares in the last quarter. Fortitude Family Office LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter valued at about $45,000. Finally, Gleason Group Inc. purchased a new position in VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter valued at about $55,000.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.2 %

NASDAQ:ANGL opened at $28.98 on Tuesday. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. The company’s 50-day moving average is $29.12 and its two-hundred day moving average is $28.84. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.98 and a 12-month high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a $0.1568 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.88 dividend on an annualized basis and a yield of 6.49%.

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.