Thrivent Financial for Lutherans Acquires New Position in VanEck Fallen Angel High Yield Bond ETF $ANGL

Thrivent Financial for Lutherans bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 282,609 shares of the company’s stock, valued at approximately $8,275,000. Thrivent Financial for Lutherans owned 0.28% of VanEck Fallen Angel High Yield Bond ETF at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in ANGL. Integrity Alliance LLC. purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 1st quarter worth approximately $8,553,000. Tidal Investments LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at approximately $8,244,000. ACT Advisors LLC. acquired a new position in VanEck Fallen Angel High Yield Bond ETF during the second quarter worth $7,543,000. Wealth Enhancement Advisory Services LLC boosted its position in VanEck Fallen Angel High Yield Bond ETF by 109.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 370,272 shares of the company’s stock worth $10,805,000 after purchasing an additional 193,590 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in VanEck Fallen Angel High Yield Bond ETF by 26.6% during the first quarter. Raymond James Financial Inc. now owns 842,473 shares of the company’s stock worth $24,314,000 after purchasing an additional 176,759 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.2%

Shares of ANGL stock opened at $29.46 on Friday. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.92 and a fifty-two week high of $29.75. The stock has a market cap of $3.07 billion, a P/E ratio of 59.37 and a beta of 0.44. The business has a fifty day simple moving average of $29.41 and a 200-day simple moving average of $29.28.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Friday, November 28th were issued a dividend of $0.1471 per share. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date was Friday, November 28th.

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.