Golden State Wealth Management LLC Acquires 715 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Golden State Wealth Management LLC boosted its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 9.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,506 shares of the company’s stock after purchasing an additional 715 shares during the quarter. Golden State Wealth Management LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $245,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bank of America Corp DE grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 11.6% in the 4th quarter. Bank of America Corp DE now owns 9,470,412 shares of the company’s stock worth $271,517,000 after buying an additional 984,949 shares during the last quarter. State of Tennessee Department of Treasury boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 4.0% in the fourth quarter. State of Tennessee Department of Treasury now owns 5,129,285 shares of the company’s stock worth $147,057,000 after acquiring an additional 195,085 shares in the last quarter. Capital Investment Advisors LLC grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 4.1% in the first quarter. Capital Investment Advisors LLC now owns 3,046,291 shares of the company’s stock worth $87,916,000 after acquiring an additional 120,975 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 1.7% during the fourth quarter. Cerity Partners LLC now owns 2,849,242 shares of the company’s stock valued at $81,688,000 after acquiring an additional 46,829 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 54.9% during the fourth quarter. Ameriprise Financial Inc. now owns 2,827,144 shares of the company’s stock valued at $81,073,000 after acquiring an additional 1,002,192 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $29.18 on Friday. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.92 and a 1 year high of $29.47. The firm’s 50-day moving average is $28.68 and its 200 day moving average is $28.67. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 59.37 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, July 7th. Stockholders of record on Tuesday, July 1st will be paid a $0.1442 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $1.73 annualized dividend and a dividend yield of 5.93%.

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.