NBT Bank N A NY Raises Stock Position in VanEck Fallen Angel High Yield Bond ETF $ANGL

NBT Bank N A NY grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 2,631.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 198,572 shares of the company’s stock after buying an additional 191,303 shares during the quarter. NBT Bank N A NY owned 0.19% of VanEck Fallen Angel High Yield Bond ETF worth $5,703,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Fortune Financial Advisors LLC increased its stake in VanEck Fallen Angel High Yield Bond ETF by 2.9% during the fourth quarter. Fortune Financial Advisors LLC now owns 14,772 shares of the company’s stock worth $434,000 after acquiring an additional 418 shares during the last quarter. 1620 Investment Advisors Inc. lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 0.8% in the 4th quarter. 1620 Investment Advisors Inc. now owns 52,607 shares of the company’s stock valued at $1,545,000 after purchasing an additional 436 shares during the last quarter. Meridian Financial Advisors LLC boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 4.6% in the 1st quarter. Meridian Financial Advisors LLC now owns 11,176 shares of the company’s stock worth $321,000 after purchasing an additional 490 shares during the period. IFP Advisors Inc boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 1.8% in the 4th quarter. IFP Advisors Inc now owns 28,855 shares of the company’s stock worth $847,000 after purchasing an additional 499 shares during the period. Finally, Truist Financial Corp increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 3.6% during the 4th quarter. Truist Financial Corp now owns 14,593 shares of the company’s stock valued at $429,000 after purchasing an additional 504 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

NASDAQ:ANGL opened at $29.16 on Friday. The firm has a market capitalization of $3.11 billion, a PE ratio of 59.37 and a beta of 0.42. The stock’s fifty day moving average is $29.10 and its 200 day moving average is $29.24. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $28.35 and a fifty-two week high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st will be paid a $0.171 dividend. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. This represents a c) annualized dividend and a dividend yield of 7.0%. The ex-dividend date of this dividend is Wednesday, July 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.