Integrated Wealth Concepts LLC Has $23.61 Million Stock Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Integrated Wealth Concepts LLC grew its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 54.4% in the 3rd quarter, Holdings Channel reports. The fund owned 802,677 shares of the company’s stock after purchasing an additional 282,668 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $23,607,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ANGL. Hilltop Holdings Inc. bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at $737,000. Transamerica Financial Advisors Inc. increased its position in VanEck Fallen Angel High Yield Bond ETF by 1.7% in the third quarter. Transamerica Financial Advisors Inc. now owns 172,900 shares of the company’s stock worth $5,085,000 after buying an additional 2,872 shares during the last quarter. M Holdings Securities Inc. grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 7.2% in the third quarter. M Holdings Securities Inc. now owns 175,509 shares of the company’s stock valued at $5,162,000 after purchasing an additional 11,810 shares in the last quarter. Cerity Partners LLC grew its position in VanEck Fallen Angel High Yield Bond ETF by 2.6% during the third quarter. Cerity Partners LLC now owns 2,802,413 shares of the company’s stock worth $82,419,000 after buying an additional 70,163 shares in the last quarter. Finally, Great Valley Advisor Group Inc. lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 6.5% during the third quarter. Great Valley Advisor Group Inc. now owns 8,826 shares of the company’s stock worth $260,000 after purchasing an additional 540 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of NASDAQ:ANGL opened at $29.12 on Tuesday. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.98 and a 1 year high of $29.47. The stock’s 50-day moving average is $29.09 and its 200 day moving average is $28.87. The company has a market cap of $3.06 billion, a PE ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a $0.1568 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.88 dividend on an annualized basis and a yield of 6.46%.

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.