Strategic Wealth Investment Group LLC Trims Stock Position in VanEck Fallen Angel High Yield Bond ETF $ANGL

Strategic Wealth Investment Group LLC lessened its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 22.3% during the 4th quarter, Holdings Channel reports. The firm owned 528,207 shares of the company’s stock after selling 152,014 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF comprises 1.9% of Strategic Wealth Investment Group LLC’s investment portfolio, making the stock its 17th biggest holding. Strategic Wealth Investment Group LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $15,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

VanEck Fallen Angel High Yield Bond ETF Price Performance

NASDAQ:ANGL opened at $28.94 on Friday. The firm has a 50 day simple moving average of $29.05 and a 200-day simple moving average of $29.28. The firm has a market cap of $3.04 billion, a PE ratio of 59.37 and a beta of 0.43. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $28.35 and a 1-year high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were given a $0.1535 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend was Monday, June 1st.

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.