Cornerstone Wealth Management LLC Grows Stock Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Cornerstone Wealth Management LLC grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 3.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,702 shares of the company’s stock after purchasing an additional 1,160 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $1,010,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ANGL. RiverFront Investment Group LLC grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 37.1% in the 4th quarter. RiverFront Investment Group LLC now owns 459,999 shares of the company’s stock valued at $13,238,000 after buying an additional 124,546 shares during the period. Atlantic Edge Private Wealth Management LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at approximately $6,174,000. Aviance Capital Partners LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at approximately $435,000. Tidemark LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the fourth quarter worth approximately $118,000. Finally, 1832 Asset Management L.P. increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 33.6% in the fourth quarter. 1832 Asset Management L.P. now owns 1,221,400 shares of the company’s stock worth $35,152,000 after acquiring an additional 307,509 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.2 %

Shares of ANGL stock traded up $0.05 during mid-day trading on Thursday, reaching $28.96. The company’s stock had a trading volume of 530,652 shares, compared to its average volume of 1,109,279. The company’s 50 day simple moving average is $28.57 and its 200-day simple moving average is $28.63. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.28 and a 12-month high of $29.21. The firm has a market capitalization of $3.02 billion, a PE ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, August 6th. Shareholders of record on Thursday, August 1st were paid a dividend of $0.1573 per share. This represents a $1.89 dividend on an annualized basis and a dividend yield of 6.52%. The ex-dividend date of this dividend was Thursday, August 1st. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15.

VanEck Fallen Angel High Yield Bond ETF Company 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.