JPMorgan Chase & Co. Acquires 59,092 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL

JPMorgan Chase & Co. boosted its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 82.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 130,592 shares of the company’s stock after buying an additional 59,092 shares during the period. JPMorgan Chase & Co. owned approximately 0.13% of VanEck Fallen Angel High Yield Bond ETF worth $3,883,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 12.5% during the 3rd quarter. Allworth Financial LP now owns 369,499 shares of the company’s stock valued at $10,985,000 after acquiring an additional 40,943 shares during the last quarter. IFP Advisors Inc boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 6.9% in the 3rd quarter. IFP Advisors Inc now owns 28,369 shares of the company’s stock worth $843,000 after purchasing an additional 1,830 shares during the last quarter. Lantern Wealth Advisors LLC grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 28.7% during the third quarter. Lantern Wealth Advisors LLC now owns 17,734 shares of the company’s stock worth $527,000 after purchasing an additional 3,955 shares during the period. Advisory Services Network LLC grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 4.4% during the third quarter. Advisory Services Network LLC now owns 18,480 shares of the company’s stock worth $549,000 after purchasing an additional 772 shares during the period. Finally, Kestra Private Wealth Services LLC increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 13.8% in the third quarter. Kestra Private Wealth Services LLC now owns 181,565 shares of the company’s stock valued at $5,398,000 after purchasing an additional 21,984 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

NASDAQ:ANGL opened at $28.81 on Friday. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $26.92 and a 1-year high of $29.77. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 59.37 and a beta of 0.44. The business’s 50-day moving average price is $29.24 and its two-hundred day moving average price is $29.39.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 7th. Stockholders of record on Wednesday, April 1st will be paid a $0.1745 dividend. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%.

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.