50,468 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL Purchased by Creekside Partners

Creekside Partners bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the third quarter, Holdings Channel.com reports. The institutional investor bought 50,468 shares of the company’s stock, valued at approximately $1,404,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Sanctuary Advisors LLC boosted its position in VanEck Fallen Angel High Yield Bond ETF by 1.4% in the first quarter. Sanctuary Advisors LLC now owns 41,538 shares of the company’s stock valued at $1,193,000 after buying an additional 555 shares during the last quarter. Royal Bank of Canada raised its position in VanEck Fallen Angel High Yield Bond ETF by 0.8% during the 1st quarter. Royal Bank of Canada now owns 123,157 shares of the company’s stock worth $3,537,000 after buying an additional 917 shares during the last quarter. Melone Private Wealth LLC raised its position in VanEck Fallen Angel High Yield Bond ETF by 0.3% during the 2nd quarter. Melone Private Wealth LLC now owns 361,550 shares of the company’s stock worth $10,572,000 after buying an additional 940 shares during the last quarter. Trilogy Capital Inc. raised its position in VanEck Fallen Angel High Yield Bond ETF by 1.5% during the 2nd quarter. Trilogy Capital Inc. now owns 63,246 shares of the company’s stock worth $1,849,000 after buying an additional 946 shares during the last quarter. Finally, Costello Asset Management INC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter valued at approximately $27,000.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.3%

Shares of NASDAQ ANGL opened at $27.73 on Tuesday. VanEck Fallen Angel High Yield Bond ETF has a 12 month low of $27.25 and a 12 month high of $29.77. The company has a 50 day simple moving average of $27.98 and a two-hundred day simple moving average of $28.85. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 59.37 and a beta of 0.45.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were paid a $0.1688 dividend. The ex-dividend date was Monday, November 2nd. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1583. This represents a $2.03 dividend on an annualized basis and a dividend yield of 7.3%.

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.