Wealthfront Advisers LLC Has $3.12 Million Stock Holdings in VanEck Fallen Angel High Yield Bond ETF $ANGL

Wealthfront Advisers LLC raised its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 121.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 104,968 shares of the company’s stock after acquiring an additional 57,497 shares during the quarter. Wealthfront Advisers LLC owned about 0.10% of VanEck Fallen Angel High Yield Bond ETF worth $3,121,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 19.6% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 4,192 shares of the company’s stock worth $123,000 after purchasing an additional 688 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the second quarter worth about $129,000. CWM LLC increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 19.9% in the second quarter. CWM LLC now owns 5,218 shares of the company’s stock valued at $153,000 after buying an additional 866 shares during the period. Strategic Blueprint LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at approximately $227,000. Finally, Corient Private Wealth LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at approximately $229,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of ANGL opened at $29.70 on Friday. VanEck Fallen Angel High Yield Bond ETF has a one year low of $26.92 and a one year high of $29.75. The company has a market cap of $3.14 billion, a PE ratio of 59.37 and a beta of 0.44. The stock has a 50-day moving average of $29.50 and a 200-day moving average of $29.44.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.1591 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 6.4%.

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.