VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Shareholders to Collect $0.16 Monthly Dividend

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) declared a monthly dividend on Wednesday, September 30th. Stockholders of record on Thursday, October 1st will be given a dividend of $0.1583 per share on Tuesday, October 6th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend is Thursday, October 1st. This is a 0.4% decrease from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1590.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.4%

Shares of NASDAQ:ANGL opened at $27.81 on Thursday. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 59.37 and a beta of 0.42. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $27.81 and a 12-month high of $29.77. The business has a 50-day moving average price of $28.76 and a 200 day moving average price of $28.94.

Institutional Investors Weigh In On VanEck Fallen Angel High Yield Bond ETF

A number of institutional investors have recently made changes to their positions in ANGL. Kensington Asset Management LLC lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 2.2% in the 4th quarter. Kensington Asset Management LLC now owns 1,394,430 shares of the company’s stock worth $40,968,000 after acquiring an additional 30,560 shares during the last quarter. RFG Advisory LLC increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 331.6% in the 1st quarter. RFG Advisory LLC now owns 45,952 shares of the company’s stock valued at $1,320,000 after purchasing an additional 35,305 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 124.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 49,739 shares of the company’s stock valued at $1,461,000 after purchasing an additional 27,601 shares during the last quarter. Tidal Investments LLC raised its position in VanEck Fallen Angel High Yield Bond ETF by 20.5% in the second quarter. Tidal Investments LLC now owns 293,253 shares of the company’s stock valued at $8,575,000 after purchasing an additional 49,904 shares during the period. Finally, Ferguson Shapiro LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at approximately $3,333,000.

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.