Axxcess Wealth Management LLC Invests $276,000 in VanEck Fallen Angel High Yield Bond ETF $ANGL

Axxcess Wealth Management LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the second quarter, HoldingsChannel reports. The fund acquired 9,412 shares of the company’s stock, valued at approximately $276,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Total Clarity Wealth Management Inc. increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 48.2% in the 2nd quarter. Total Clarity Wealth Management Inc. now owns 50,783 shares of the company’s stock valued at $1,487,000 after purchasing an additional 16,519 shares in the last quarter. CWM LLC boosted its position in VanEck Fallen Angel High Yield Bond ETF by 19.9% in the 2nd quarter. CWM LLC now owns 5,218 shares of the company’s stock valued at $153,000 after buying an additional 866 shares during the last quarter. Conning Inc. boosted its position in VanEck Fallen Angel High Yield Bond ETF by 91.8% in the 2nd quarter. Conning Inc. now owns 97,267 shares of the company’s stock valued at $2,848,000 after buying an additional 46,561 shares during the last quarter. Blue Trust Inc. boosted its position in VanEck Fallen Angel High Yield Bond ETF by 2.2% in the 2nd quarter. Blue Trust Inc. now owns 86,806 shares of the company’s stock valued at $2,542,000 after buying an additional 1,865 shares during the last quarter. Finally, NBT Bank N A NY boosted its position in VanEck Fallen Angel High Yield Bond ETF by 3.5% in the 2nd quarter. NBT Bank N A NY now owns 192,341 shares of the company’s stock valued at $5,632,000 after buying an additional 6,483 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

NASDAQ:ANGL opened at $29.46 on Friday. The firm has a 50-day moving average of $29.45 and a two-hundred day moving average of $28.91. The stock has a market cap of $3.12 billion, a P/E ratio of 59.37 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $26.92 and a 1-year high of $29.75.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st were given a dividend of $0.1465 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 6.0%.

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.