Northwestern Mutual Wealth Management Co. Has $516,000 Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Northwestern Mutual Wealth Management Co. cut its position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 4.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,223 shares of the company’s stock after selling 768 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $516,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ANGL. Millennium Management LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the second quarter worth $21,998,000. Delta Investment Management LLC boosted its position in VanEck Fallen Angel High Yield Bond ETF by 2.6% during the 2nd quarter. Delta Investment Management LLC now owns 19,069 shares of the company’s stock worth $540,000 after acquiring an additional 492 shares during the period. Insigneo Advisory Services LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter valued at about $2,532,000. Bank of Montreal Can increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 482.2% in the 2nd quarter. Bank of Montreal Can now owns 541,407 shares of the company’s stock valued at $15,463,000 after purchasing an additional 448,415 shares during the period. Finally, Evergreen Capital Management LLC lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 1.7% in the second quarter. Evergreen Capital Management LLC now owns 994,173 shares of the company’s stock worth $28,135,000 after purchasing an additional 16,388 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of ANGL opened at $29.07 on Wednesday. The company has a market capitalization of $3.13 billion, a PE ratio of 0.48 and a beta of 0.52. The company’s 50 day moving average price is $29.07 and its 200 day moving average price is $28.74. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $26.28 and a 52 week high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.1501 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.