64,841 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL Bought by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 64,841 shares of the company’s stock, valued at approximately $1,803,000. Cornerstone Wealth Management LLC owned 0.06% of VanEck Fallen Angel High Yield Bond ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ANGL. Costello Asset Management INC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the third quarter worth approximately $27,000. Parkside Financial Bank & Trust bought a new stake in VanEck Fallen Angel High Yield Bond ETF in the second quarter worth approximately $38,000. Quest 10 Wealth Builders Inc. bought a new stake in VanEck Fallen Angel High Yield Bond ETF in the third quarter worth approximately $41,000. Tompkins Financial Corp bought a new stake in VanEck Fallen Angel High Yield Bond ETF in the third quarter worth approximately $43,000. Finally, Western Wealth Management LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the first quarter valued at approximately $49,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

VanEck Fallen Angel High Yield Bond ETF stock opened at $27.63 on Thursday. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 59.37 and a beta of 0.45. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $27.25 and a 52-week high of $29.77. The stock’s 50 day moving average price is $27.93 and its two-hundred day moving average price is $28.83.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were paid a $0.1688 dividend. The ex-dividend date was Monday, November 2nd. This represents a $2.03 annualized dividend and a dividend yield of 7.3%. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1583.

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.