Triad Wealth Partners LLC Makes New $1.35 Million Investment in VanEck Fallen Angel High Yield Bond ETF $ANGL

by · The Markets Daily

Triad Wealth Partners LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL – Free Report) in the 4th quarter, Holdings Channel reports. The institutional investor bought 45,867 shares of the company’s stock, valued at approximately $1,347,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ANGL. Bank of America Corp DE lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 6.2% during the third quarter. Bank of America Corp DE now owns 20,594,595 shares of the company’s stock worth $612,277,000 after purchasing an additional 1,193,879 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 91.3% during the third quarter. Integrated Wealth Concepts LLC now owns 738,558 shares of the company’s stock worth $21,957,000 after purchasing an additional 352,445 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 997,627.3% during the third quarter. Tower Research Capital LLC TRC now owns 329,250 shares of the company’s stock worth $9,789,000 after purchasing an additional 329,217 shares during the last quarter. Capital Investment Advisors LLC increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 9.8% during the fourth quarter. Capital Investment Advisors LLC now owns 3,657,979 shares of the company’s stock worth $107,417,000 after buying an additional 326,747 shares in the last quarter. Finally, Thrivent Financial for Lutherans acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the second quarter worth $8,275,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of NASDAQ:ANGL opened at $29.19 on Friday. The company has a fifty day moving average of $29.19 and a 200-day moving average of $29.38. The company has a market capitalization of $3.05 billion, a PE ratio of 59.37 and a beta of 0.44. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $27.38 and a 52-week high of $29.77.

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 issued a dividend of $0.1745 per share. This represents a c) annualized dividend and a dividend yield of 7.2%. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date was Wednesday, April 1st.

VanEck Fallen Angel High Yield Bond ETF Profile

(Free Report)

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.

Further Reading

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