Guggenheim Capital LLC Sells 23,439 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL

Guggenheim Capital LLC lessened its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 4.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 475,211 shares of the company’s stock after selling 23,439 shares during the period. Guggenheim Capital LLC owned about 0.48% of VanEck Fallen Angel High Yield Bond ETF worth $13,715,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ANGL. Piedmont Capital Management LLC increased its stake in VanEck Fallen Angel High Yield Bond ETF by 1.6% in the 1st quarter. Piedmont Capital Management LLC now owns 91,563 shares of the company’s stock worth $2,499,000 after purchasing an additional 1,457 shares during the period. WCG Wealth Advisors LLC grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 21.8% in the first quarter. WCG Wealth Advisors LLC now owns 30,223 shares of the company’s stock worth $872,000 after purchasing an additional 5,416 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 12.8% in the first quarter. Jane Street Group LLC now owns 328,155 shares of the company’s stock worth $9,471,000 after purchasing an additional 37,246 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 17.3% in the first quarter. Smartleaf Asset Management LLC now owns 31,023 shares of the company’s stock worth $894,000 after buying an additional 4,581 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 36.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 79,438 shares of the company’s stock valued at $2,293,000 after buying an additional 21,176 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.1%

Shares of ANGL opened at $29.41 on Thursday. The stock has a market capitalization of $2.99 billion, a P/E ratio of 59.37 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $26.92 and a twelve month high of $29.47. The firm has a fifty day simple moving average of $29.12 and a two-hundred day simple moving average of $28.76.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Friday, August 1st were issued a dividend of $0.1566 per share. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date was Friday, August 1st.

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.