Cornerstone Wealth Management LLC Acquires 1,160 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Cornerstone Wealth Management LLC lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 3.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 35,702 shares of the company’s stock after buying an additional 1,160 shares during the period. Cornerstone Wealth Management LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $1,010,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ANGL. ORG Partners LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter worth about $33,000. Pineridge Advisors LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth approximately $50,000. Gleason Group Inc. acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at $55,000. SageView Advisory Group LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF during the first quarter worth $92,000. Finally, First Horizon Advisors Inc. lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 61.0% during the fourth quarter. First Horizon Advisors Inc. now owns 3,612 shares of the company’s stock valued at $104,000 after acquiring an additional 1,369 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of ANGL traded up $0.05 during trading hours on Thursday, hitting $28.96. The stock had a trading volume of 530,652 shares, compared to its average volume of 1,109,279. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. The company’s fifty day moving average is $28.57 and its two-hundred day moving average is $28.63. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $26.28 and a 52 week high of $29.21.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, August 6th. Investors of record on Thursday, August 1st were given a dividend of $0.1573 per share. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date was Thursday, August 1st. This represents a $1.89 annualized dividend and a yield of 6.52%.

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.