World Investment Advisors Has $2.61 Million Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

World Investment Advisors boosted its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 4.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 91,157 shares of the company’s stock after purchasing an additional 3,817 shares during the period. World Investment Advisors’ holdings in VanEck Fallen Angel High Yield Bond ETF were worth $2,613,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of ANGL. Biltmore Family Office LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 593.3% in the 4th 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. Van ECK Associates Corp lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 38.1% in the fourth quarter. Van ECK Associates Corp now owns 1,414 shares of the company’s stock valued at $41,000 after buying an additional 390 shares during the period. Howe & Rusling Inc. bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth approximately $56,000. Lowe Wealth Advisors LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 252.0% during the 4th quarter. Lowe Wealth Advisors LLC now owns 2,520 shares of the company’s stock worth $72,000 after buying an additional 1,804 shares during the period. Finally, Newbridge Financial Services Group Inc. increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 519.9% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,267 shares of the company’s stock valued at $94,000 after acquiring an additional 2,740 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Down 2.6 %

Shares of NASDAQ ANGL opened at $27.68 on Friday. The firm has a market cap of $3.09 billion, a PE ratio of 60.45 and a beta of 0.52. The company’s fifty day simple moving average is $28.90 and its 200 day simple moving average is $28.97. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.98 and a 12-month high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were issued a $0.1578 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $1.89 annualized dividend and a yield of 6.84%. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.16.

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.