WCG Wealth Advisors LLC Acquires 264,076 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL

WCG Wealth Advisors LLC grew its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 813.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 296,532 shares of the company’s stock after purchasing an additional 264,076 shares during the period. WCG Wealth Advisors LLC owned about 0.28% of VanEck Fallen Angel High Yield Bond ETF worth $8,708,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Caldwell Trust Co increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 306.3% in the 4th quarter. Caldwell Trust Co now owns 1,028 shares of the company’s stock worth $30,000 after purchasing an additional 775 shares in the last quarter. Raleigh Capital Management Inc. bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter worth $35,000. Assetmark Inc. increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 766.4% in the 4th quarter. Assetmark Inc. now owns 3,431 shares of the company’s stock worth $101,000 after purchasing an additional 3,035 shares in the last quarter. Kingdom Financial Group LLC. bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter worth $125,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth $129,000.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.2%

VanEck Fallen Angel High Yield Bond ETF stock opened at $29.03 on Thursday. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 59.37 and a beta of 0.43. The stock has a fifty day simple moving average of $29.04 and a two-hundred day simple moving average of $29.28. 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 Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, June 4th. Investors of record on Monday, June 1st will be issued a $0.1535 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 6.3%.

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.