Wrapmanager Inc. Acquires 17,220 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Wrapmanager Inc. grew its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 7.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 255,857 shares of the company’s stock after purchasing an additional 17,220 shares during the period. VanEck Fallen Angel High Yield Bond ETF makes up about 1.9% of Wrapmanager Inc.’s portfolio, making the stock its 15th biggest position. Wrapmanager Inc. owned about 0.25% of VanEck Fallen Angel High Yield Bond ETF worth $7,335,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Assetmark Inc. grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 281.2% during the third quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock worth $40,000 after buying an additional 1,001 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 38.1% during the 4th quarter. Van ECK Associates Corp now owns 1,414 shares of the company’s stock valued at $41,000 after acquiring an additional 390 shares in the last quarter. Fortitude Family Office LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth $45,000. Lowe Wealth Advisors LLC increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 252.0% in the 4th quarter. Lowe Wealth Advisors LLC now owns 2,520 shares of the company’s stock worth $72,000 after purchasing an additional 1,804 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 519.9% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,267 shares of the company’s stock worth $94,000 after purchasing an additional 2,740 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.0 %

NASDAQ:ANGL opened at $28.90 on Tuesday. The stock’s 50-day moving average is $28.85 and its 200-day moving average is $29.01. The stock has a market cap of $2.99 billion, a P/E ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $26.98 and a 1-year high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a $0.1563 dividend. The ex-dividend date of this dividend was Monday, February 3rd.

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.