VanEck Fallen Angel High Yield Bond ETF $ANGL Shares Acquired by Baird Financial Group Inc.

Baird Financial Group Inc. increased its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 95.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 207,612 shares of the company’s stock after buying an additional 101,539 shares during the period. Baird Financial Group Inc.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $5,992,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 1,856.5% in the fourth quarter. BNP Paribas Financial Markets now owns 900 shares of the company’s stock valued at $26,000 after buying an additional 854 shares during the last quarter. Biltmore Family Office LLC raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 48.9% in the first quarter. Biltmore Family Office LLC now owns 1,394 shares of the company’s stock valued at $40,000 after buying an additional 458 shares during the last quarter. Costello Asset Management INC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the first quarter valued at approximately $44,000. Assetmark Inc. raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 293.0% in the first quarter. Assetmark Inc. now owns 2,480 shares of the company’s stock valued at $72,000 after buying an additional 1,849 shares during the last quarter. Finally, Bogart Wealth LLC grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 41.0% in the first quarter. Bogart Wealth LLC now owns 2,540 shares of the company’s stock valued at $73,000 after purchasing an additional 738 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of ANGL stock opened at $29.28 on Thursday. VanEck Fallen Angel High Yield Bond ETF has a one year low of $26.92 and a one year high of $29.47. The company has a 50 day moving average price of $29.16 and a 200 day moving average price of $28.77. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 59.37 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, September 5th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.1497 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a c) annualized dividend and a yield of 6.1%.

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.