Atlantic Edge Private Wealth Management LLC Increases Stock Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Atlantic Edge Private Wealth Management LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 0.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 373,172 shares of the company’s stock after purchasing an additional 422 shares during the period. VanEck Fallen Angel High Yield Bond ETF accounts for 3.3% of Atlantic Edge Private Wealth Management LLC’s holdings, making the stock its 8th biggest position. Atlantic Edge Private Wealth Management LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $10,699,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in ANGL. Assetmark Inc. raised its stake in VanEck Fallen Angel High Yield Bond ETF by 281.2% in 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 during the period. Fortitude Family Office LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at $45,000. Lowe Wealth Advisors LLC grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 252.0% in the 4th quarter. Lowe Wealth Advisors LLC now owns 2,520 shares of the company’s stock valued at $72,000 after buying an additional 1,804 shares in the last quarter. Newbridge Financial Services Group Inc. grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 519.9% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,267 shares of the company’s stock valued at $94,000 after buying an additional 2,740 shares in the last quarter. Finally, Synergy Asset Management LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the 4th quarter valued at $108,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of NASDAQ ANGL opened at $28.91 on Tuesday. The firm has a market cap of $2.99 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’s fifty day moving average price is $28.90 and its two-hundred day moving average price is $28.99.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.1563 per share. The ex-dividend date of this dividend was Monday, February 3rd.

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.