World Investment Advisors LLC Acquires New Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

World Investment Advisors LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 87,340 shares of the company’s stock, valued at approximately $2,569,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Triad Wealth Partners LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the second quarter worth $25,000. Raymond James & Associates boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 2.1% in the 2nd quarter. Raymond James & Associates now owns 387,389 shares of the company’s stock worth $10,963,000 after buying an additional 7,944 shares during the last quarter. Western Wealth Management LLC grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 70.4% in the 2nd quarter. Western Wealth Management LLC now owns 17,044 shares of the company’s stock valued at $482,000 after buying an additional 7,040 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 11.9% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 47,000 shares of the company’s stock valued at $1,335,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Atria Wealth Solutions Inc. lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 10.5% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 98,661 shares of the company’s stock worth $2,792,000 after acquiring an additional 9,369 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

ANGL opened at $29.07 on Friday. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.98 and a 1 year high of $29.47. The company’s 50 day simple moving average is $29.06 and its 200 day simple moving average is $28.90. The stock has a market capitalization of $3.06 billion, a PE ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were paid a dividend of $0.1568 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.88 annualized dividend and a dividend yield of 6.47%.

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.