VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Shares Purchased by RiverFront Investment Group LLC

RiverFront Investment Group LLC boosted its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 37.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 459,999 shares of the company’s stock after buying an additional 124,546 shares during the period. RiverFront Investment Group LLC owned 0.43% of VanEck Fallen Angel High Yield Bond ETF worth $13,238,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. LPL Financial LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 18.5% in the 3rd quarter. LPL Financial LLC now owns 2,762,840 shares of the company’s stock worth $74,762,000 after buying an additional 431,597 shares during the last quarter. Capital Investment Advisors LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 3.2% in the 4th quarter. Capital Investment Advisors LLC now owns 2,713,464 shares of the company’s stock valued at $78,094,000 after purchasing an additional 84,710 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 53.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,060,940 shares of the company’s stock valued at $55,796,000 after purchasing an additional 721,999 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 48.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,956,184 shares of the company’s stock valued at $52,934,000 after purchasing an additional 639,723 shares in the last quarter. Finally, Wright Fund Management LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at about $27,539,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

VanEck Fallen Angel High Yield Bond ETF stock traded up $0.08 during midday trading on Friday, hitting $28.32. 1,347,967 shares of the company were exchanged, compared to its average volume of 1,256,604. The company’s fifty day moving average price is $28.68 and its 200-day moving average price is $28.33. The company has a market cap of $2.95 billion, a PE ratio of 0.47 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.28 and a fifty-two week high of $29.21.

VanEck Fallen Angel High Yield Bond ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were issued a dividend of $0.152 per share. The ex-dividend date of this dividend was Monday, April 1st. This represents a $1.82 annualized dividend and a yield of 6.44%.

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.