Wells Fargo & Company MN Acquires 535,771 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Wells Fargo & Company MN increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 51.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,582,858 shares of the company’s stock after acquiring an additional 535,771 shares during the period. Wells Fargo & Company MN owned about 1.53% of VanEck Fallen Angel High Yield Bond ETF worth $45,381,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Stifel Financial Corp lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 27.2% in the 3rd quarter. Stifel Financial Corp now owns 386,343 shares of the company’s stock valued at $11,362,000 after purchasing an additional 82,622 shares during the period. National Bank of Canada FI acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth $6,994,000. Arete Wealth Advisors LLC raised its stake in VanEck Fallen Angel High Yield Bond ETF by 155.2% during the 3rd quarter. Arete Wealth Advisors LLC now owns 18,390 shares of the company’s stock worth $541,000 after buying an additional 11,183 shares during the period. World Investment Advisors LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth $2,569,000. Finally, Tidal Investments LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth $6,249,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

ANGL opened at $28.09 on Thursday. The business’s 50-day moving average price is $28.76 and its two-hundred day moving average price is $28.91. 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 $3.14 billion, a price-to-earnings ratio of 57.90 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were issued a $0.1578 dividend. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.89 annualized dividend and a dividend yield of 6.74%.

VanEck Fallen Angel High Yield Bond ETF 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.