Peak Financial Advisors LLC Has $8.16 Million Stock Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Peak Financial Advisors LLC increased its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 42.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 284,503 shares of the company’s stock after purchasing an additional 84,311 shares during the period. VanEck Fallen Angel High Yield Bond ETF comprises about 4.2% of Peak Financial Advisors LLC’s portfolio, making the stock its 7th largest holding. Peak Financial Advisors LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $8,157,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Hill Island Financial LLC grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 11.1% during the 2nd quarter. Hill Island Financial LLC now owns 12,191 shares of the company’s stock valued at $345,000 after purchasing an additional 1,220 shares during the period. WCG Wealth Advisors LLC grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 47.1% during the 2nd quarter. WCG Wealth Advisors LLC now owns 24,514 shares of the company’s stock valued at $694,000 after purchasing an additional 7,850 shares during the period. AE Wealth Management LLC grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 7.9% during the 2nd quarter. AE Wealth Management LLC now owns 472,877 shares of the company’s stock valued at $13,382,000 after purchasing an additional 34,773 shares during the period. 1832 Asset Management L.P. grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 0.9% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,229,659 shares of the company’s stock valued at $34,799,000 after acquiring an additional 10,666 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 138.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock valued at $26,000 after acquiring an additional 522 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.1 %

Shares of NASDAQ:ANGL opened at $28.57 on Wednesday. The stock has a 50 day moving average of $28.93 and a 200 day moving average of $28.94. The company has a market cap of $3.02 billion, a PE ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.98 and a 12-month high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

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

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.