Thrivent Financial for Lutherans Buys New Stake in VanEck Fallen Angel High Yield Bond ETF $ANGL

Thrivent Financial for Lutherans bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 282,609 shares of the company’s stock, valued at approximately $8,275,000.

Several other hedge funds also recently bought and sold shares of ANGL. Integrity Alliance LLC. acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the first quarter worth $8,553,000. Tidal Investments LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter worth about $8,244,000. ACT Advisors LLC. purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter worth about $7,543,000. Wealth Enhancement Advisory Services LLC raised its stake in VanEck Fallen Angel High Yield Bond ETF by 109.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 370,272 shares of the company’s stock valued at $10,805,000 after purchasing an additional 193,590 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in VanEck Fallen Angel High Yield Bond ETF by 26.6% in the 1st quarter. Raymond James Financial Inc. now owns 842,473 shares of the company’s stock valued at $24,314,000 after purchasing an additional 176,759 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

VanEck Fallen Angel High Yield Bond ETF stock opened at $29.46 on Friday. The stock has a market capitalization of $3.07 billion, a P/E ratio of 59.37 and a beta of 0.44. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.92 and a 12-month high of $29.75. The firm’s 50-day moving average is $29.41 and its two-hundred day moving average is $29.28.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 3rd. Investors of record on Friday, November 28th were given a dividend of $0.1471 per share. The ex-dividend date was Friday, November 28th. This represents a c) dividend on an annualized basis and a 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.