Thrivent Financial for Lutherans Grows Position in VanEck Fallen Angel High Yield Bond ETF $ANGL

Thrivent Financial for Lutherans boosted its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 573.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 349,793 shares of the company’s stock after buying an additional 297,837 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.33% of VanEck Fallen Angel High Yield Bond ETF worth $10,272,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cornerstone Wealth Management LLC raised its position in VanEck Fallen Angel High Yield Bond ETF by 8.0% in the 4th quarter. Cornerstone Wealth Management LLC now owns 53,642 shares of the company’s stock valued at $1,575,000 after buying an additional 3,975 shares during the last quarter. Allworth Financial LP raised its position in VanEck Fallen Angel High Yield Bond ETF by 8.8% in the 4th quarter. Allworth Financial LP now owns 401,936 shares of the company’s stock valued at $11,803,000 after buying an additional 32,437 shares during the last quarter. World Investment Advisors raised its position in VanEck Fallen Angel High Yield Bond ETF by 39.2% in the 4th quarter. World Investment Advisors now owns 35,448 shares of the company’s stock valued at $1,041,000 after buying an additional 9,975 shares during the last quarter. Meridian Wealth Management LLC raised its position in VanEck Fallen Angel High Yield Bond ETF by 6.7% in the 4th quarter. Meridian Wealth Management LLC now owns 9,130 shares of the company’s stock valued at $268,000 after buying an additional 576 shares during the last quarter. Finally, Money Concepts Capital Corp raised its position in VanEck Fallen Angel High Yield Bond ETF by 10.9% in the 4th quarter. Money Concepts Capital Corp now owns 200,174 shares of the company’s stock valued at $5,878,000 after buying an additional 19,708 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.3%

NASDAQ ANGL opened at $28.75 on Wednesday. The firm has a market capitalization of $3.02 billion, a P/E ratio of 59.37 and a beta of 0.43. The business has a fifty day simple moving average of $28.99 and a 200 day simple moving average of $29.30. VanEck Fallen Angel High Yield Bond ETF has a 12 month low of $28.35 and a 12 month high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were paid a $0.1563 dividend. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date was Friday, May 1st.

VanEck Fallen Angel High Yield Bond ETF 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.