VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Shares Purchased by Piedmont Capital Management LLC

Piedmont Capital Management LLC raised its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,106 shares of the company’s stock after purchasing an additional 2,975 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF comprises approximately 1.6% of Piedmont Capital Management LLC’s holdings, making the stock its 11th biggest holding. Piedmont Capital Management LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $2,585,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. World Investment Advisors LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at about $2,569,000. Tidal Investments LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth about $6,249,000. Synovus Financial Corp acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth approximately $323,000. Brass Tax Wealth Management Inc. raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 276.9% in the third quarter. Brass Tax Wealth Management Inc. now owns 48,276 shares of the company’s stock valued at $1,420,000 after buying an additional 35,468 shares during the period. Finally, HBW Advisory Services LLC lifted its position in VanEck Fallen Angel High Yield Bond ETF by 5.3% during the fourth quarter. HBW Advisory Services LLC now owns 9,594 shares of the company’s stock valued at $275,000 after buying an additional 485 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.3 %

ANGL opened at $28.38 on Friday. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.92 and a 52-week high of $29.47. The company has a 50 day moving average of $28.52 and a two-hundred day moving average of $28.80. The company has a market cap of $2.81 billion, a P/E ratio of 58.39 and a beta of 0.47.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, April 1st were issued a $0.1578 dividend. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.16. This represents a $1.89 annualized dividend and a yield of 6.67%. The ex-dividend date of this dividend was Tuesday, April 1st.

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.