665,714 Shares in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 665,714 shares of the company’s stock, valued at approximately $19,086,000.

Other large investors have also recently bought and sold shares of the company. US Bancorp DE raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 48.0% in the fourth quarter. US Bancorp DE now owns 4,679 shares of the company’s stock worth $134,000 after buying an additional 1,517 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter valued at about $424,000. Bank of New York Mellon Corp raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 1,198,889 shares of the company’s stock valued at $34,372,000 after acquiring an additional 13,587 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 76.8% during the 4th quarter. HighTower Advisors LLC now owns 218,738 shares of the company’s stock valued at $6,271,000 after acquiring an additional 95,012 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 8.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 194,910 shares of the company’s stock worth $5,588,000 after purchasing an additional 15,206 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of ANGL opened at $27.98 on Friday. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $26.92 and a 1-year high of $29.47. The company has a market capitalization of $2.77 billion, a P/E ratio of 57.90 and a beta of 0.52. The firm’s 50 day simple moving average is $28.61 and its 200 day simple moving average is $28.84.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, April 1st were given a $0.1578 dividend. The ex-dividend date was Tuesday, April 1st. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.16. This represents a $1.89 annualized dividend and a yield of 6.77%.

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.