Arete Wealth Advisors LLC Grows Stock Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Arete Wealth Advisors LLC grew its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 12.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 20,712 shares of the company’s stock after acquiring an additional 2,322 shares during the quarter. Arete Wealth Advisors LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $594,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. World Investment Advisors lifted its position in VanEck Fallen Angel High Yield Bond ETF by 4.4% during the fourth quarter. World Investment Advisors now owns 91,157 shares of the company’s stock valued at $2,613,000 after acquiring an additional 3,817 shares during the last quarter. Biltmore Family Office LLC lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 593.3% during the 4th quarter. Biltmore Family Office LLC now owns 936 shares of the company’s stock valued at $27,000 after purchasing an additional 801 shares during the last quarter. Disciplined Investors L.L.C. acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter worth $248,000. Family Legacy Inc. boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 5.6% in the 4th quarter. Family Legacy Inc. now owns 148,724 shares of the company’s stock worth $4,267,000 after purchasing an additional 7,862 shares in the last quarter. Finally, RWA Wealth Partners LLC grew its stake in VanEck Fallen Angel High Yield Bond ETF by 1.6% during the 4th quarter. RWA Wealth Partners LLC now owns 344,517 shares of the company’s stock worth $9,877,000 after buying an additional 5,350 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

VanEck Fallen Angel High Yield Bond ETF stock opened at $27.68 on Friday. The stock has a market cap of $3.09 billion, a PE ratio of 60.45 and a beta of 0.52. The stock has a 50-day moving average of $28.90 and a two-hundred day moving average of $28.97. VanEck Fallen Angel High Yield Bond ETF has a one year low of $26.98 and a one year high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were given a dividend of $0.1578 per share. This represents a $1.89 annualized dividend and a yield of 6.84%. The ex-dividend date of this dividend was Tuesday, April 1st. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.16.

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.