Wells Fargo & Company MN Increases Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Wells Fargo & Company MN lifted its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 51.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,582,858 shares of the company’s stock after buying an additional 535,771 shares during the period. Wells Fargo & Company MN’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $45,381,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Arete Wealth Advisors LLC lifted its position in VanEck Fallen Angel High Yield Bond ETF by 12.6% during the fourth quarter. Arete Wealth Advisors LLC now owns 20,712 shares of the company’s stock valued at $594,000 after purchasing an additional 2,322 shares during the period. World Investment Advisors lifted its position in VanEck Fallen Angel High Yield Bond ETF by 4.4% during the fourth quarter. World Investment Advisors now owns 91,157 shares of the company’s stock valued at $2,613,000 after purchasing an additional 3,817 shares during the period. Biltmore Family Office LLC lifted its position in VanEck Fallen Angel High Yield Bond ETF by 593.3% during the fourth quarter. Biltmore Family Office LLC now owns 936 shares of the company’s stock valued at $27,000 after purchasing an additional 801 shares during the period. Disciplined Investors L.L.C. bought a new position in VanEck Fallen Angel High Yield Bond ETF during the fourth quarter valued at approximately $248,000. Finally, Family Legacy Inc. lifted its position in VanEck Fallen Angel High Yield Bond ETF by 5.6% during the fourth quarter. Family Legacy Inc. now owns 148,724 shares of the company’s stock valued at $4,267,000 after purchasing an additional 7,862 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Trading Up 2.9 %

ANGL opened at $28.09 on Thursday. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $26.92 and a 1-year high of $29.47. The company has a market capitalization of $3.14 billion, a PE ratio of 57.90 and a beta of 0.52. The firm’s 50 day simple moving average is $28.76 and its two-hundred day simple moving average is $28.91.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were paid a $0.1578 dividend. The ex-dividend date was Tuesday, April 1st. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.16. This represents a $1.89 dividend on an annualized basis and a dividend yield of 6.74%.

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.