Transce3nd LLC Makes New Investment in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Transce3nd LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,593 shares of the company’s stock, valued at approximately $46,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MML Investors Services LLC raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 2.6% during the fourth quarter. MML Investors Services LLC now owns 284,201 shares of the company’s stock worth $8,148,000 after buying an additional 7,210 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 287.4% in the 4th quarter. NewEdge Advisors LLC now owns 81,539 shares of the company’s stock worth $2,338,000 after acquiring an additional 60,490 shares during the last quarter. Insigneo Advisory Services LLC lifted its position in VanEck Fallen Angel High Yield Bond ETF by 9.7% in the 4th quarter. Insigneo Advisory Services LLC now owns 113,671 shares of the company’s stock valued at $3,259,000 after acquiring an additional 10,020 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 1.1% during the 4th quarter. Evergreen Capital Management LLC now owns 1,032,818 shares of the company’s stock valued at $29,611,000 after purchasing an additional 11,191 shares during the last quarter. Finally, Regal Investment Advisors LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 31.4% during the 4th quarter. Regal Investment Advisors LLC now owns 27,429 shares of the company’s stock valued at $786,000 after purchasing an additional 6,556 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.2 %

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $27.87 on Wednesday. The company has a market cap of $2.76 billion, a PE ratio of 57.90 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $26.92 and a 52 week high of $29.47. The business has a 50 day moving average price of $28.57 and a 200-day moving average price of $28.82.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were paid a $0.1578 dividend. This is a positive change 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 6.79%.

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.