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

Iams Wealth Management LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the 4th quarter, HoldingsChannel reports. The fund bought 35,635 shares of the company’s stock, valued at approximately $1,022,000.

Other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 281.2% during the 3rd quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock valued at $40,000 after acquiring an additional 1,001 shares during the period. Fortitude Family Office LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the third quarter worth $45,000. Lowe Wealth Advisors LLC boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 252.0% in the 4th quarter. Lowe Wealth Advisors LLC now owns 2,520 shares of the company’s stock worth $72,000 after buying an additional 1,804 shares during the last quarter. Great Valley Advisor Group Inc. boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 6.5% in the third quarter. Great Valley Advisor Group Inc. now owns 8,826 shares of the company’s stock valued at $260,000 after acquiring an additional 540 shares during the last quarter. Finally, Heritage Oak Wealth Advisors LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the second quarter worth about $274,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of NASDAQ:ANGL opened at $29.04 on Wednesday. The firm has a fifty day moving average of $28.92 and a 200 day moving average of $28.98. 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 capitalization of $3.00 billion, a PE ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 27th were issued a dividend of $0.1564 per share. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15. The ex-dividend date of this dividend was Friday, December 27th.

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.