Strategic Wealth Investment Group LLC Lowers Position in VanEck Fallen Angel High Yield Bond ETF $ANGL

Strategic Wealth Investment Group LLC decreased its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 22.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 528,207 shares of the company’s stock after selling 152,014 shares during the period. VanEck Fallen Angel High Yield Bond ETF comprises 1.9% of Strategic Wealth Investment Group LLC’s portfolio, making the stock its 17th largest holding. Strategic Wealth Investment Group LLC owned 0.50% of VanEck Fallen Angel High Yield Bond ETF worth $15,511,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Paller Financial Services Inc purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at about $1,272,000. Optivise Advisory Services LLC boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 80.3% in the fourth quarter. Optivise Advisory Services LLC now owns 50,753 shares of the company’s stock valued at $1,490,000 after acquiring an additional 22,610 shares in the last quarter. Emissary Wealth LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at about $6,795,000. Triad Wealth Partners LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the fourth quarter worth about $1,347,000. Finally, Atlantic Edge Private Wealth Management LLC boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 10.0% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 216,900 shares of the company’s stock worth $6,369,000 after buying an additional 19,734 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.5%

ANGL stock opened at $28.94 on Friday. The company has a market cap of $3.04 billion, a P/E ratio of 59.37 and a beta of 0.43. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $28.35 and a 52 week high of $29.77. The company’s 50-day moving average price is $29.05 and its 200 day moving average price is $29.28.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were issued a dividend of $0.1535 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 6.4%.

About VanEck Fallen Angel High Yield Bond ETF

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.