Cornerstone Wealth Group LLC Purchases 4,111 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Cornerstone Wealth Group LLC grew its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 5.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,047 shares of the company’s stock after acquiring an additional 4,111 shares during the period. Cornerstone Wealth Group LLC owned about 0.07% of VanEck Fallen Angel High Yield Bond ETF worth $2,237,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Triad Wealth Partners LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter worth about $25,000. Pineridge Advisors LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth about $50,000. Gleason Group Inc. acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter worth about $55,000. SageView Advisory Group LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 1st quarter worth about $92,000. Finally, First Horizon Advisors Inc. lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 61.0% during the 4th quarter. First Horizon Advisors Inc. now owns 3,612 shares of the company’s stock worth $104,000 after buying an additional 1,369 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.5 %

Shares of NASDAQ ANGL traded up $0.14 during mid-day trading on Friday, reaching $29.25. 361,380 shares of the company were exchanged, compared to its average volume of 1,098,301. The company’s 50-day simple moving average is $28.64 and its 200-day simple moving average is $28.64. The stock has a market capitalization of $3.05 billion, a P/E ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $26.28 and a twelve month high of $29.27.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, August 6th. Stockholders 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 6.45%. The ex-dividend date was Thursday, August 1st. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15.

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.