Iams Wealth Management LLC Makes New $1.02 Million Investment in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Iams Wealth Management LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,635 shares of the company’s stock, valued at approximately $1,022,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Millennium Management LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the second quarter valued at about $21,998,000. Regal Investment Advisors LLC lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 34.5% during the second quarter. Regal Investment Advisors LLC now owns 19,148 shares of the company’s stock worth $542,000 after purchasing an additional 4,907 shares in the last quarter. Truist Financial Corp grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 0.7% in the second quarter. Truist Financial Corp now owns 48,116 shares of the company’s stock worth $1,362,000 after acquiring an additional 347 shares in the last quarter. New Century Financial Group LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter worth $326,000. Finally, Heritage Oak Wealth Advisors LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at $274,000.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.2 %

ANGL opened at $29.04 on Wednesday. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $26.98 and a 52 week high of $29.47. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. The business’s 50 day moving average is $28.92 and its two-hundred day moving average is $28.98.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 27th were paid a dividend of $0.1564 per share. The ex-dividend date of this dividend was Friday, December 27th. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous 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.