Wrapmanager Inc. Has $6.79 Million Stake in VanEck Fallen Angel High Yield Bond ETF $ANGL

Wrapmanager Inc. reduced its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 23.7% in the 3rd quarter, Holdings Channel reports. The firm owned 228,347 shares of the company’s stock after selling 70,767 shares during the period. VanEck Fallen Angel High Yield Bond ETF accounts for approximately 2.1% of Wrapmanager Inc.’s holdings, making the stock its 15th biggest position. Wrapmanager Inc.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $6,789,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Spire Wealth Management grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 4.4% during the third quarter. Spire Wealth Management now owns 9,075 shares of the company’s stock valued at $270,000 after purchasing an additional 385 shares during the last quarter. Rovin Capital UT ADV boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 0.7% during the 2nd quarter. Rovin Capital UT ADV now owns 65,226 shares of the company’s stock worth $1,910,000 after buying an additional 453 shares during the period. Continuum Advisory LLC grew its stake in VanEck Fallen Angel High Yield Bond ETF by 1.4% in the 3rd quarter. Continuum Advisory LLC now owns 35,536 shares of the company’s stock valued at $1,056,000 after buying an additional 486 shares during the last quarter. Clear Investment Research LLC raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 1.0% in the 2nd quarter. Clear Investment Research LLC now owns 55,647 shares of the company’s stock worth $1,629,000 after acquiring an additional 535 shares during the period. Finally, Level Four Advisory Services LLC lifted its position in VanEck Fallen Angel High Yield Bond ETF by 4.6% during the 2nd quarter. Level Four Advisory Services LLC now owns 13,001 shares of the company’s stock worth $381,000 after acquiring an additional 575 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

ANGL stock opened at $29.70 on Tuesday. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 59.37 and a beta of 0.44. The company has a 50-day moving average of $29.54 and a two-hundred day moving average of $29.47. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.92 and a 52-week high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a dividend of $0.1591 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 6.4%.

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.