Wealthcare Advisory Partners LLC Has $20.71 Million Stock Holdings in VanEck Fallen Angel High Yield Bond ETF $ANGL

Wealthcare Advisory Partners LLC grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 2.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 708,131 shares of the company’s stock after purchasing an additional 19,295 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $20,706,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Southern Farm Bureau Life Insurance increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 110.1% during the fourth quarter. Southern Farm Bureau Life Insurance now owns 2,587,512 shares of the company’s stock worth $76,045,000 after buying an additional 1,356,065 shares during the last quarter. Bank of America Corp DE lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 6.2% in the third quarter. Bank of America Corp DE now owns 20,594,595 shares of the company’s stock valued at $612,277,000 after acquiring an additional 1,193,879 shares during the last quarter. Storen Legacy Partners LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at $16,729,000. Janney Montgomery Scott LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 1,633.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 433,373 shares of the company’s stock valued at $12,446,000 after acquiring an additional 408,373 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 21.6% during the 4th quarter. Wells Fargo & Company MN now owns 1,960,664 shares of the company’s stock worth $57,575,000 after purchasing an additional 348,040 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of ANGL stock opened at $28.96 on Tuesday. The firm’s 50-day moving average is $29.05 and its 200-day moving average is $29.15. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 59.37 and a beta of 0.42. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $28.35 and a 52-week high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were given a dividend of $0.1684 per share. This represents a c) dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend was Monday, August 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.