Thrivent Financial for Lutherans Increases Stock Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Thrivent Financial for Lutherans raised its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 8.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 194,910 shares of the company’s stock after buying an additional 15,206 shares during the quarter. Thrivent Financial for Lutherans owned about 0.19% of VanEck Fallen Angel High Yield Bond ETF worth $5,588,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Capital Investment Advisors LLC raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 4.1% in the 4th quarter. Capital Investment Advisors LLC now owns 2,925,316 shares of the company’s stock valued at $83,869,000 after purchasing an additional 116,162 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 8.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,499,618 shares of the company’s stock worth $42,994,000 after buying an additional 122,972 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,198,889 shares of the company’s stock valued at $34,372,000 after buying an additional 13,587 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 54.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 802,677 shares of the company’s stock valued at $23,607,000 after acquiring an additional 282,668 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in VanEck Fallen Angel High Yield Bond ETF in the 4th quarter worth $19,086,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

VanEck Fallen Angel High Yield Bond ETF stock opened at $29.03 on Tuesday. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.98 and a fifty-two week high of $29.47. The company has a market cap of $3.01 billion, a PE ratio of 60.45 and a beta of 0.52. The business’s 50-day simple moving average is $28.94 and its two-hundred day simple moving average is $29.00.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a $0.1361 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

VanEck Fallen Angel High Yield Bond ETF 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.