VanEck Fallen Angel High Yield Bond ETF $ANGL Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 19.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 111,226 shares of the company’s stock after acquiring an additional 17,937 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $3,266,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Caldwell Trust Co boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 306.3% during the 4th quarter. Caldwell Trust Co now owns 1,028 shares of the company’s stock worth $30,000 after acquiring an additional 775 shares in the last quarter. Raleigh Capital Management Inc. acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth about $35,000. Assetmark Inc. boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 766.4% during the 4th quarter. Assetmark Inc. now owns 3,431 shares of the company’s stock worth $101,000 after acquiring an additional 3,035 shares in the last quarter. Kingdom Financial Group LLC. acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth about $125,000. Finally, Darwin Wealth Management LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter worth about $129,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

NASDAQ:ANGL opened at $29.09 on Friday. The stock has a 50-day simple moving average of $29.05 and a 200-day simple moving average of $29.28. The stock has a market cap of $3.05 billion, a P/E ratio of 59.37 and a beta of 0.43. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $28.35 and a 1 year high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were issued a $0.1535 dividend. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend was Monday, June 1st.

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.