Outlook Wealth Advisors LLC Takes Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Outlook Wealth Advisors LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 8,098 shares of the company’s stock, valued at approximately $234,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 11.6% in the fourth quarter. Bank of America Corp DE now owns 9,470,412 shares of the company’s stock valued at $271,517,000 after purchasing an additional 984,949 shares in the last quarter. State of Tennessee Department of Treasury raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 4.0% in the fourth quarter. State of Tennessee Department of Treasury now owns 5,129,285 shares of the company’s stock valued at $147,057,000 after buying an additional 195,085 shares during the last quarter. Capital Investment Advisors LLC raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 4.1% in the first quarter. Capital Investment Advisors LLC now owns 3,046,291 shares of the company’s stock valued at $87,916,000 after buying an additional 120,975 shares during the last quarter. Cerity Partners LLC increased its position in VanEck Fallen Angel High Yield Bond ETF by 1.7% during the fourth quarter. Cerity Partners LLC now owns 2,849,242 shares of the company’s stock worth $81,688,000 after purchasing an additional 46,829 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in VanEck Fallen Angel High Yield Bond ETF by 54.9% during the fourth quarter. Ameriprise Financial Inc. now owns 2,827,144 shares of the company’s stock worth $81,073,000 after purchasing an additional 1,002,192 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of ANGL stock opened at $28.61 on Monday. VanEck Fallen Angel High Yield Bond ETF has a one year low of $26.92 and a one year high of $29.47. The company has a 50 day moving average price of $28.26 and a 200 day moving average price of $28.69. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 59.37 and a beta of 0.44.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd were given a $0.1546 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.86 annualized dividend and a dividend yield of 6.48%. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15.

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.