Fifth Third Securities Inc. Increases Stock Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Fifth Third Securities Inc. raised its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 84.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 101,775 shares of the company’s stock after purchasing an additional 46,570 shares during the quarter. Fifth Third Securities Inc. owned 0.10% of VanEck Fallen Angel High Yield Bond ETF worth $2,880,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ANGL. Strategic Blueprint LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter valued at approximately $403,000. Geneos Wealth Management Inc. lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 1.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 26,678 shares of the company’s stock valued at $768,000 after buying an additional 364 shares during the period. ORG Partners LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter valued at approximately $33,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter valued at approximately $836,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter valued at approximately $235,000.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.0 %

Shares of ANGL traded up $0.01 during mid-day trading on Monday, hitting $28.69. The company’s stock had a trading volume of 476,075 shares, compared to its average volume of 1,120,863. The firm has a 50-day simple moving average of $28.56 and a 200 day simple moving average of $28.63. The firm has a market capitalization of $2.99 billion, a P/E ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $26.28 and a 1-year high of $29.21.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, August 6th. Stockholders of record on Thursday, August 1st were issued a $0.1573 dividend. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. This represents a $1.89 annualized dividend and a dividend yield of 6.58%. The ex-dividend date of this dividend was Thursday, August 1st.

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.