Cetera Investment Advisers Has $13.81 Million Position in VanEck Fallen Angel High Yield Bond ETF $ANGL

Cetera Investment Advisers boosted its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 8.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 480,849 shares of the company’s stock after acquiring an additional 36,662 shares during the quarter. Cetera Investment Advisers’ holdings in VanEck Fallen Angel High Yield Bond ETF were worth $13,810,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Southern Farm Bureau Life Insurance lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 110.1% during the fourth quarter. Southern Farm Bureau Life Insurance now owns 2,587,512 shares of the company’s stock worth $76,045,000 after purchasing an additional 1,356,065 shares during the period. Bank of America Corp DE grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 6.2% in the 3rd quarter. Bank of America Corp DE now owns 20,594,595 shares of the company’s stock valued at $612,277,000 after purchasing an additional 1,193,879 shares during the period. Storen Legacy Partners LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter worth approximately $16,729,000. Janney Montgomery Scott LLC raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 1,633.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 433,373 shares of the company’s stock worth $12,446,000 after buying an additional 408,373 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 21.6% in the 4th quarter. Wells Fargo & Company MN now owns 1,960,664 shares of the company’s stock worth $57,575,000 after buying an additional 348,040 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

VanEck Fallen Angel High Yield Bond ETF stock opened at $28.84 on Thursday. The business has a 50 day simple moving average of $29.07 and a 200 day simple moving average of $29.18. The company has a market capitalization of $3.07 billion, a PE ratio of 59.37 and a beta of 0.42. VanEck Fallen Angel High Yield Bond ETF has a one year low of $28.35 and a one year high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were paid a $0.171 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 7.1%. This is a boost 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.