AE Wealth Management LLC Has $15.81 Million Holdings in VanEck Fallen Angel High Yield Bond ETF $ANGL

AE Wealth Management LLC lifted its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 538,215 shares of the company’s stock after purchasing an additional 23,613 shares during the period. AE Wealth Management LLC owned 0.51% of VanEck Fallen Angel High Yield Bond ETF worth $15,805,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Raleigh Capital Management Inc. acquired a new position in VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth $35,000. Assetmark Inc. boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 766.4% during the fourth quarter. Assetmark Inc. now owns 3,431 shares of the company’s stock valued at $101,000 after acquiring an additional 3,035 shares during the period. Darwin Wealth Management LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the second quarter valued at about $129,000. Equitable Holdings Inc. bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at about $201,000. Finally, Clear Creek Financial Management LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at about $221,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

ANGL stock opened at $29.40 on Friday. The company has a 50-day moving average of $29.17 and a two-hundred day moving average of $29.36. The stock has a market capitalization of $3.07 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 $27.76 and a 52-week high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, April 7th. Investors of record on Wednesday, April 1st were paid a $0.1745 dividend. The ex-dividend date was Wednesday, April 1st. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a dividend yield of 7.1%.

VanEck Fallen Angel High Yield Bond ETF Company 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.