NewEdge Advisors LLC Buys 60,490 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

NewEdge Advisors LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 287.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 81,539 shares of the company’s stock after acquiring an additional 60,490 shares during the quarter. NewEdge Advisors LLC owned about 0.08% of VanEck Fallen Angel High Yield Bond ETF worth $2,338,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Biltmore Family Office LLC grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 593.3% during the fourth quarter. Biltmore Family Office LLC now owns 936 shares of the company’s stock valued at $27,000 after purchasing an additional 801 shares during the last quarter. Van ECK Associates Corp lifted its position in VanEck Fallen Angel High Yield Bond ETF by 38.1% during the 4th quarter. Van ECK Associates Corp now owns 1,414 shares of the company’s stock worth $41,000 after acquiring an additional 390 shares during the last quarter. Howe & Rusling Inc. bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the fourth quarter valued at about $56,000. Lowe Wealth Advisors LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 252.0% in the fourth quarter. Lowe Wealth Advisors LLC now owns 2,520 shares of the company’s stock valued at $72,000 after purchasing an additional 1,804 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 519.9% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,267 shares of the company’s stock worth $94,000 after purchasing an additional 2,740 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.6 %

Shares of NASDAQ:ANGL opened at $27.82 on Tuesday. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 57.90 and a beta of 0.52. The business has a 50 day moving average price of $28.59 and a 200 day moving average price of $28.83. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $26.92 and a twelve month high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were paid a $0.1578 dividend. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.89 annualized dividend and a dividend yield of 6.81%.

About VanEck Fallen Angel High Yield Bond ETF

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.