Comprehensive Wealth Management LLC Purchases 1,295 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Comprehensive Wealth Management LLC grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 9.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,235 shares of the company’s stock after buying an additional 1,295 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF accounts for about 0.3% of Comprehensive Wealth Management LLC’s investment portfolio, making the stock its 26th biggest position. Comprehensive Wealth Management LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $448,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Truist Financial Corp increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 0.7% in the 2nd quarter. Truist Financial Corp now owns 48,116 shares of the company’s stock valued at $1,362,000 after acquiring an additional 347 shares during the period. Jaffetilchin Investment Partners LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 1.2% during the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 28,909 shares of the company’s stock valued at $850,000 after acquiring an additional 350 shares during the period. Delta Investment Management LLC increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 2.6% in the 2nd quarter. Delta Investment Management LLC now owns 19,069 shares of the company’s stock worth $540,000 after acquiring an additional 492 shares in the last quarter. Financial Advocates Investment Management raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 4.0% during the third quarter. Financial Advocates Investment Management now owns 12,870 shares of the company’s stock valued at $379,000 after acquiring an additional 495 shares during the last quarter. Finally, Retirement Guys Formula LLC raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 0.9% in the third quarter. Retirement Guys Formula LLC now owns 54,649 shares of the company’s stock valued at $1,607,000 after buying an additional 510 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of ANGL stock opened at $28.99 on Thursday. The company has a market capitalization of $3.05 billion, a PE ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 12 month low of $26.98 and a 12 month high of $29.47. The firm’s 50-day moving average is $29.13 and its two-hundred day moving average is $28.82.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a $0.1568 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.49%. The ex-dividend date of this dividend was Friday, November 1st.

VanEck Fallen Angel High Yield Bond ETF 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.