Arete Wealth Advisors LLC Buys 2,322 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Arete Wealth Advisors LLC grew its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 12.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,712 shares of the company’s stock after acquiring an additional 2,322 shares during the period. Arete Wealth Advisors LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $594,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ANGL. Stifel Financial Corp increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 27.2% during the 3rd quarter. Stifel Financial Corp now owns 386,343 shares of the company’s stock worth $11,362,000 after purchasing an additional 82,622 shares during the period. Insigneo Advisory Services LLC increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 16.3% during the third quarter. Insigneo Advisory Services LLC now owns 103,651 shares of the company’s stock valued at $3,048,000 after buying an additional 14,505 shares during the period. National Bank of Canada FI bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the third quarter valued at about $6,994,000. Cape Cod Five Cents Savings Bank lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 14.5% in the third quarter. Cape Cod Five Cents Savings Bank now owns 526,750 shares of the company’s stock worth $14,907,000 after acquiring an additional 66,752 shares during the period. Finally, Continuum Advisory LLC grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 2.5% during the 3rd quarter. Continuum Advisory LLC now owns 36,341 shares of the company’s stock worth $1,051,000 after acquiring an additional 899 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

NASDAQ ANGL opened at $27.68 on Friday. VanEck Fallen Angel High Yield Bond ETF has a one year low of $26.98 and a one year high of $29.47. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 60.45 and a beta of 0.52. The company’s 50-day simple moving average is $28.90 and its two-hundred day simple moving average is $28.97.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, April 1st were paid a $0.1578 dividend. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.16. The ex-dividend date was Tuesday, April 1st. This represents a $1.89 dividend on an annualized basis and a yield of 6.84%.

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.