US Bancorp DE Reduces Position in VanEck Fallen Angel High Yield Bond ETF $ANGL

US Bancorp DE cut its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 12.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,093 shares of the company’s stock after selling 586 shares during the quarter. US Bancorp DE’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $118,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its holdings in VanEck Fallen Angel High Yield Bond ETF by 1,856.5% during the fourth quarter. BNP Paribas Financial Markets now owns 900 shares of the company’s stock valued at $26,000 after purchasing an additional 854 shares during the last quarter. Transce3nd LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the fourth quarter worth about $46,000. Assetmark Inc. lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 293.0% in the first quarter. Assetmark Inc. now owns 2,480 shares of the company’s stock worth $72,000 after buying an additional 1,849 shares in the last quarter. Bogart Wealth LLC lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 41.0% in the first quarter. Bogart Wealth LLC now owns 2,540 shares of the company’s stock worth $73,000 after buying an additional 738 shares in the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the fourth quarter worth about $84,000.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.1%

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $29.19 on Monday. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.92 and a 12-month high of $29.47. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 59.37 and a beta of 0.52. The company’s 50-day moving average price is $29.05 and its 200-day moving average price is $28.74.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, August 6th. Investors of record on Friday, August 1st were paid a $0.1566 dividend. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend was Friday, August 1st.

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.