VanEck Fallen Angel High Yield Bond ETF $ANGL Shares Purchased by AE Wealth Management LLC

AE Wealth Management LLC grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 5.1% during the third quarter, Holdings Channel reports. The institutional investor owned 514,602 shares of the company’s stock after acquiring an additional 25,076 shares during the period. AE Wealth Management LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $15,299,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 8.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 63,553 shares of the company’s stock valued at $1,889,000 after acquiring an additional 4,706 shares during the period. Truist Financial Corp lifted its position in VanEck Fallen Angel High Yield Bond ETF by 38.8% in the third quarter. Truist Financial Corp now owns 14,089 shares of the company’s stock worth $419,000 after purchasing an additional 3,939 shares during the period. Global Assets Advisory LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter valued at $387,000. Symphony Financial Ltd. Co. increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 1.6% during the 3rd quarter. Symphony Financial Ltd. Co. now owns 303,847 shares of the company’s stock valued at $9,021,000 after purchasing an additional 4,869 shares during the period. Finally, Simplicity Wealth LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter worth $566,000.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.0%

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $29.58 on Friday. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 59.37 and a beta of 0.44. The business has a fifty day simple moving average of $29.48 and a 200-day simple moving average of $29.40. 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.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th were issued a $0.1599 dividend. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend was Monday, December 29th. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15.

About VanEck Fallen Angel High Yield Bond ETF

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.