Simplicity Wealth LLC Invests $566,000 in VanEck Fallen Angel High Yield Bond ETF $ANGL

Simplicity Wealth LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 19,043 shares of the company’s stock, valued at approximately $566,000.

Other institutional investors also recently bought and sold shares of the company. Thrivent Financial for Lutherans purchased a new position in VanEck Fallen Angel High Yield Bond ETF during the second quarter worth $8,275,000. Tidal Investments LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth about $8,244,000. Live Oak Investment Partners purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth about $6,237,000. Capital Investment Advisors LLC boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 4.5% during the 3rd quarter. Capital Investment Advisors LLC now owns 3,331,232 shares of the company’s stock worth $99,038,000 after purchasing an additional 143,113 shares during the period. Finally, Ocean Park Asset Management LLC grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 14.9% during the 3rd quarter. Ocean Park Asset Management LLC now owns 1,049,200 shares of the company’s stock valued at $31,193,000 after purchasing an additional 135,800 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

VanEck Fallen Angel High Yield Bond ETF stock opened at $29.59 on Friday. The firm has a market capitalization of $3.13 billion, a P/E ratio of 59.37 and a beta of 0.44. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $26.92 and a 1-year high of $29.75. The company’s 50-day moving average is $29.45 and its 200 day moving average is $29.39.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 29th were paid a dividend of $0.1599 per share. The ex-dividend date of this dividend was Monday, December 29th. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. This is an increase 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.