Janney Montgomery Scott LLC Buys 408,373 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL

Janney Montgomery Scott LLC raised its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 1,633.5% in the 1st quarter, HoldingsChannel reports. The fund owned 433,373 shares of the company’s stock after buying an additional 408,373 shares during the quarter. Janney Montgomery Scott LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $12,446,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. IFC & Insurance Marketing Inc. acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the fourth quarter worth approximately $26,000. Caldwell Trust Co grew its stake in shares of 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. acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at approximately $35,000. SHP Wealth Management acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at approximately $98,000. Finally, Assetmark Inc. raised its position in VanEck Fallen Angel High Yield Bond ETF by 766.4% in the 4th quarter. Assetmark Inc. now owns 3,431 shares of the company’s stock worth $101,000 after purchasing an additional 3,035 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

NASDAQ:ANGL opened at $29.11 on Thursday. The stock’s fifty day moving average price is $29.11 and its two-hundred day moving average price is $29.24. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $28.35 and a 52-week high of $29.77. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 59.37 and a beta of 0.43.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.171 per share. The ex-dividend date is Wednesday, July 1st. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%.

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.