Thrivent Financial for Lutherans Acquires 297,837 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL

Thrivent Financial for Lutherans raised its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 573.2% in the fourth quarter, Holdings Channel reports. The firm owned 349,793 shares of the company’s stock after purchasing an additional 297,837 shares during the period. Thrivent Financial for Lutherans’ holdings in VanEck Fallen Angel High Yield Bond ETF were worth $10,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Caldwell Trust Co grew its stake in VanEck Fallen Angel High Yield Bond ETF by 306.3% in the 4th quarter. Caldwell Trust Co now owns 1,028 shares of the company’s stock valued at $30,000 after purchasing an additional 775 shares during the period. Raleigh Capital Management Inc. bought a new position in VanEck Fallen Angel High Yield Bond ETF in the 4th quarter valued at $35,000. Assetmark Inc. grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 766.4% during the 4th quarter. Assetmark Inc. now owns 3,431 shares of the company’s stock worth $101,000 after acquiring an additional 3,035 shares during the period. Darwin Wealth Management LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter worth $129,000. Finally, Equitable Holdings Inc. bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth $201,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

ANGL stock opened at $28.75 on Wednesday. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 59.37 and a beta of 0.43. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $28.35 and a fifty-two week high of $29.77. The stock has a fifty day moving average of $28.99 and a 200-day moving average of $29.30.

VanEck Fallen Angel High Yield Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were paid a dividend of $0.1563 per share. The ex-dividend date was Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 6.5%.

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.