Perissos Private Wealth Management LLC Boosts Holdings in VanEck Fallen Angel High Yield Bond ETF $ANGL

Perissos Private Wealth Management LLC boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 6.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,095 shares of the company’s stock after buying an additional 3,794 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF accounts for approximately 1.4% of Perissos Private Wealth Management LLC’s investment portfolio, making the stock its 24th largest position. Perissos Private Wealth Management LLC owned 0.06% of VanEck Fallen Angel High Yield Bond ETF worth $1,818,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Silver Oak Securities Incorporated boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 0.9% during the second quarter. Silver Oak Securities Incorporated now owns 38,911 shares of the company’s stock worth $1,139,000 after buying an additional 354 shares during the period. Retirement Guys Formula LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 0.7% during the second quarter. Retirement Guys Formula LLC now owns 48,684 shares of the company’s stock worth $1,425,000 after buying an additional 358 shares during the period. TFG Advisers LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 1.2% during the second quarter. TFG Advisers LLC now owns 34,194 shares of the company’s stock worth $1,001,000 after buying an additional 415 shares during the period. Biltmore Family Office LLC boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 48.9% during the first quarter. Biltmore Family Office LLC now owns 1,394 shares of the company’s stock valued at $40,000 after purchasing an additional 458 shares during the period. Finally, Elm3 Financial Group LLC raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 6.8% in the second quarter. Elm3 Financial Group LLC now owns 7,515 shares of the company’s stock valued at $220,000 after acquiring an additional 476 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $29.63 on Friday. The company has a market capitalization of $3.15 billion, a PE ratio of 59.37 and a beta of 0.52. The company has a 50-day simple moving average of $29.49 and a two-hundred day simple moving average of $28.98. VanEck Fallen Angel High Yield Bond ETF has a one year low of $26.92 and a one year high of $29.75.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were issued a $0.1465 dividend. The ex-dividend date was Wednesday, October 1st. This represents a c) dividend on an annualized basis and a yield of 5.9%.

VanEck Fallen Angel High Yield Bond ETF Company 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.