Bank of New York Mellon Corp Raises Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Bank of New York Mellon Corp raised its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 3.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,188,234 shares of the company’s stock after buying an additional 40,902 shares during the period. Bank of New York Mellon Corp owned about 1.12% of VanEck Fallen Angel High Yield Bond ETF worth $33,627,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ANGL. Triad Wealth Partners LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the second quarter worth approximately $25,000. Pineridge Advisors LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the fourth quarter worth $50,000. Gleason Group Inc. acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at about $55,000. SageView Advisory Group LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the first quarter worth about $92,000. Finally, First Horizon Advisors Inc. boosted its position in VanEck Fallen Angel High Yield Bond ETF by 61.0% during the fourth quarter. First Horizon Advisors Inc. now owns 3,612 shares of the company’s stock worth $104,000 after acquiring an additional 1,369 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.0 %

ANGL stock opened at $29.15 on Tuesday. The firm has a 50-day moving average of $28.72 and a two-hundred day moving average of $28.66. VanEck Fallen Angel High Yield Bond ETF has a 12 month low of $26.28 and a 12 month high of $29.27. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, August 6th. Investors of record on Thursday, August 1st were issued a $0.1573 dividend. This represents a $1.89 annualized dividend and a dividend yield of 6.48%. The ex-dividend date of this dividend was Thursday, August 1st. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15.

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.