Wealth Enhancement Advisory Services LLC Acquires 22,115 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL

Wealth Enhancement Advisory Services LLC grew its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 6.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 392,387 shares of the company’s stock after purchasing an additional 22,115 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.38% of VanEck Fallen Angel High Yield Bond ETF worth $11,611,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Newbridge Financial Services Group Inc. increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 19.6% during the second quarter. Newbridge Financial Services Group Inc. now owns 4,192 shares of the company’s stock valued at $123,000 after acquiring an additional 688 shares during the last quarter. Darwin Wealth Management LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF during the second quarter valued at about $129,000. CWM LLC raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 19.9% in the 2nd quarter. CWM LLC now owns 5,218 shares of the company’s stock worth $153,000 after purchasing an additional 866 shares during the period. Elm3 Financial Group LLC grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 6.8% during the 2nd quarter. Elm3 Financial Group LLC now owns 7,515 shares of the company’s stock worth $220,000 after acquiring an additional 476 shares during the period. Finally, Strategic Blueprint LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth approximately $227,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of ANGL opened at $29.59 on Friday. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 59.37 and a beta of 0.44. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.92 and a 52-week high of $29.75. The stock’s 50-day simple moving average is $29.45 and its 200 day simple moving average is $29.39.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th were issued a $0.1599 dividend. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend was Monday, December 29th. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15.

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.