Optivise Advisory Services LLC Invests $881,000 in VanEck Fallen Angel High Yield Bond ETF $ANGL

Optivise Advisory Services LLC purchased 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 fund purchased 30,095 shares of the company’s stock, valued at approximately $881,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Biltmore Family Office LLC grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 48.9% during the 1st quarter. Biltmore Family Office LLC now owns 1,394 shares of the company’s stock worth $40,000 after acquiring an additional 458 shares during the last quarter. Costello Asset Management INC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the 1st quarter worth approximately $44,000. Assetmark Inc. grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 293.0% during the 1st quarter. Assetmark Inc. now owns 2,480 shares of the company’s stock worth $72,000 after acquiring an additional 1,849 shares during the last quarter. Bogart Wealth LLC grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 41.0% in the first quarter. Bogart Wealth LLC now owns 2,540 shares of the company’s stock worth $73,000 after purchasing an additional 738 shares during the last quarter. Finally, CWM LLC increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 19.9% in the second quarter. CWM LLC now owns 5,218 shares of the company’s stock valued at $153,000 after purchasing an additional 866 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.9%

NASDAQ ANGL opened at $29.27 on Tuesday. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 59.37 and a beta of 0.44. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $26.92 and a twelve month high of $29.75. The stock has a fifty day simple moving average of $29.53 and a 200 day simple moving average of $29.06.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Monday, November 3rd will be given a $0.162 dividend. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date is Monday, November 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%.

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.