VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Shares Acquired by Wrapmanager Inc.

Wrapmanager Inc. increased its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 13.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 238,637 shares of the company’s stock after purchasing an additional 27,418 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF comprises about 1.8% of Wrapmanager Inc.’s holdings, making the stock its 15th largest position. Wrapmanager Inc.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $7,018,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ANGL. LPL Financial LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 4.4% in the second quarter. LPL Financial LLC now owns 3,525,907 shares of the company’s stock worth $99,783,000 after acquiring an additional 148,241 shares in the last quarter. Capital Investment Advisors LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 3.9% in the second quarter. Capital Investment Advisors LLC now owns 3,000,290 shares of the company’s stock worth $84,908,000 after acquiring an additional 113,818 shares in the last quarter. 1832 Asset Management L.P. grew its stake in VanEck Fallen Angel High Yield Bond ETF by 0.9% in the second quarter. 1832 Asset Management L.P. now owns 1,229,659 shares of the company’s stock worth $34,799,000 after purchasing an additional 10,666 shares in the last quarter. Bank of New York Mellon Corp grew its stake in VanEck Fallen Angel High Yield Bond ETF by 3.6% in the second quarter. Bank of New York Mellon Corp now owns 1,188,234 shares of the company’s stock worth $33,627,000 after purchasing an additional 40,902 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its stake in VanEck Fallen Angel High Yield Bond ETF by 1.7% in the second quarter. Evergreen Capital Management LLC now owns 994,173 shares of the company’s stock worth $28,135,000 after purchasing an additional 16,388 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

NASDAQ:ANGL opened at $28.98 on Tuesday. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a one year low of $26.98 and a one year high of $29.47. The stock has a 50-day simple moving average of $29.12 and a 200 day simple moving average of $28.84.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

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

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.