Jaffetilchin Investment Partners LLC Trims Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Jaffetilchin Investment Partners LLC decreased its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 5.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,815 shares of the company’s stock after selling 1,556 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $803,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ANGL. Bank of America Corp DE lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 11.6% in the 4th 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 during the last quarter. State of Tennessee Department of Treasury lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 4.0% during the 4th quarter. State of Tennessee Department of Treasury now owns 5,129,285 shares of the company’s stock worth $147,057,000 after acquiring an additional 195,085 shares during the last quarter. Capital Investment Advisors LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 4.1% during the 1st quarter. Capital Investment Advisors LLC now owns 3,046,291 shares of the company’s stock worth $87,916,000 after acquiring an additional 120,975 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 1.7% during the 4th quarter. Cerity Partners LLC now owns 2,849,242 shares of the company’s stock worth $81,688,000 after acquiring an additional 46,829 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 54.9% during the 4th quarter. Ameriprise Financial Inc. now owns 2,827,144 shares of the company’s stock worth $81,073,000 after acquiring 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 $29.15 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 firm has a market capitalization of $2.89 billion, a P/E ratio of 59.37 and a beta of 0.52. The stock has a 50 day moving average price of $28.57 and a 200 day moving average price of $28.67.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, June 2nd were paid a dividend of $0.1546 per share. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. This represents a $1.86 dividend on an annualized basis and a dividend yield of 6.36%. The ex-dividend date was Monday, June 2nd.

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.