Comprehensive Wealth Management LLC Raises Stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Comprehensive Wealth Management LLC lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 9.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 15,235 shares of the company’s stock after buying an additional 1,295 shares during the period. VanEck Fallen Angel High Yield Bond ETF accounts for approximately 0.3% of Comprehensive Wealth Management LLC’s portfolio, making the stock its 26th largest holding. Comprehensive Wealth Management LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $448,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ANGL. Triad Wealth Partners LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at $25,000. EverSource Wealth Advisors LLC lifted its position in VanEck Fallen Angel High Yield Bond ETF by 138.8% during the second quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock worth $26,000 after buying an additional 522 shares during the period. Assetmark Inc. boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 281.2% in the 3rd 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. Fortitude Family Office LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter worth about $45,000. Finally, Gleason Group Inc. purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at about $55,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of NASDAQ:ANGL opened at $28.99 on Thursday. The stock has a 50-day simple moving average of $29.13 and a 200-day simple moving average of $28.82. The stock has a market capitalization of $3.05 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 company also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were paid a dividend of $0.1568 per share. This represents a $1.88 annualized dividend and a yield of 6.49%. The ex-dividend date of this dividend was Friday, November 1st.

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.