Cornerstone Wealth Management LLC Has $1.31 Million Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Cornerstone Wealth Management LLC grew its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGLFree Report) by 2.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 45,202 shares of the company’s stock after acquiring an additional 967 shares during the period. Cornerstone Wealth Management LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $1,305,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Tallon Kerry Patrick bought a new position in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at about $366,000. Van ECK Associates Corp grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 38.1% during the fourth quarter. Van ECK Associates Corp now owns 1,414 shares of the company’s stock worth $41,000 after purchasing an additional 390 shares during the last quarter. Strategic Financial Concepts LLC increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 3.7% in the fourth quarter. Strategic Financial Concepts LLC now owns 21,331 shares of the company’s stock valued at $612,000 after buying an additional 757 shares during the period. Advyzon Investment Management LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF in the 4th quarter valued at approximately $6,162,000. Finally, Winebrenner Capital Management LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth approximately $1,033,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

ANGL opened at $28.86 on Thursday. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.92 and a fifty-two week high of $29.47. The company’s 50 day moving average price is $28.40 and its two-hundred day moving average price is $28.68. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 59.37 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.1546 per share. This represents a $1.86 dividend on an annualized basis and a dividend yield of 6.43%. The ex-dividend date of this dividend was Monday, June 2nd. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15.

VanEck Fallen Angel High Yield Bond ETF Profile

(Free Report)

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.

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Institutional Ownership by Quarter for VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

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