Emissary Wealth LLC Makes New Investment in VanEck Fallen Angel High Yield Bond ETF $ANGL

Emissary Wealth LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 231,409 shares of the company’s stock, valued at approximately $6,795,000. VanEck Fallen Angel High Yield Bond ETF accounts for 5.7% of Emissary Wealth LLC’s holdings, making the stock its 3rd largest holding. Emissary Wealth LLC owned 0.22% of VanEck Fallen Angel High Yield Bond ETF at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ANGL. Raleigh Capital Management Inc. bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter worth approximately $35,000. Assetmark Inc. boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 766.4% in the 4th quarter. Assetmark Inc. now owns 3,431 shares of the company’s stock worth $101,000 after purchasing an additional 3,035 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth approximately $129,000. Equitable Holdings Inc. bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter worth approximately $201,000. Finally, Clear Creek Financial Management LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter worth approximately $221,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of ANGL opened at $29.40 on Monday. The business’s 50 day moving average price is $29.17 and its 200-day moving average price is $29.36. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $27.76 and a 52 week high of $29.77. The stock has a market cap of $3.07 billion, a P/E ratio of 59.37 and a beta of 0.44.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

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

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.