Kensington Asset Management LLC Buys 30,560 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL

Kensington Asset Management LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 2.2% in the 4th quarter, HoldingsChannel reports. The firm owned 1,394,430 shares of the company’s stock after purchasing an additional 30,560 shares during the period. VanEck Fallen Angel High Yield Bond ETF makes up 2.1% of Kensington Asset Management LLC’s portfolio, making the stock its 15th biggest position. Kensington Asset Management LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $40,968,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ANGL. IFC & Insurance Marketing Inc. bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the fourth quarter valued at approximately $26,000. Caldwell Trust Co lifted its position in VanEck Fallen Angel High Yield Bond ETF by 306.3% during the fourth quarter. Caldwell Trust Co now owns 1,028 shares of the company’s stock valued at $30,000 after purchasing an additional 775 shares during the last quarter. Raleigh Capital Management Inc. bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the fourth quarter valued at approximately $35,000. Assetmark Inc. lifted its position in VanEck Fallen Angel High Yield Bond ETF by 766.4% during the fourth quarter. Assetmark Inc. now owns 3,431 shares of the company’s stock valued at $101,000 after purchasing an additional 3,035 shares during the last quarter. Finally, Kingdom Financial Group LLC. bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the fourth quarter valued at approximately $125,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $29.12 on Friday. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $28.35 and a 1 year high of $29.77. The firm has a market cap of $3.05 billion, a PE ratio of 59.37 and a beta of 0.43. The company has a 50 day simple moving average of $29.10 and a two-hundred day simple moving average of $29.27.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were given a dividend of $0.1535 per share. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a yield of 6.3%.

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.