Northwestern Mutual Wealth Management Co. Raises Holdings in VanEck Fallen Angel High Yield Bond ETF $ANGL

Northwestern Mutual Wealth Management Co. boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 19.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,226 shares of the company’s stock after purchasing an additional 17,937 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.11% of VanEck Fallen Angel High Yield Bond ETF worth $3,266,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Caldwell Trust Co increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 306.3% during the 4th quarter. Caldwell Trust Co now owns 1,028 shares of the company’s stock worth $30,000 after purchasing an additional 775 shares during the period. Raleigh Capital Management Inc. purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth about $35,000. Assetmark Inc. increased its holdings in 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 purchasing an additional 3,035 shares during the period. Kingdom Financial Group LLC. purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth about $125,000. Finally, Darwin Wealth Management LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter worth about $129,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of NASDAQ ANGL opened at $29.09 on Friday. The stock’s 50-day moving average is $29.05 and its two-hundred day moving average is $29.28. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $28.35 and a 1-year high of $29.77. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 59.37 and a beta of 0.43.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were given a dividend of $0.1535 per share. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend was Monday, June 1st.

VanEck Fallen Angel High Yield Bond ETF 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.