33,874 Shares in VanEck Fallen Angel High Yield Bond ETF $ANGL Purchased by NBT Bank N.A.

NBT Bank N.A. acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 33,874 shares of the company’s stock, valued at approximately $942,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meridian Financial Advisors LLC raised its stake in VanEck Fallen Angel High Yield Bond ETF by 4.6% during the 1st quarter. Meridian Financial Advisors LLC now owns 11,176 shares of the company’s stock worth $321,000 after acquiring an additional 490 shares during the period. Sanctuary Advisors LLC boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 1.4% in the first quarter. Sanctuary Advisors LLC now owns 41,538 shares of the company’s stock worth $1,193,000 after purchasing an additional 555 shares during the period. Eagle Bay Advisors LLC boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 3.6% in the first quarter. Eagle Bay Advisors LLC now owns 16,960 shares of the company’s stock worth $487,000 after purchasing an additional 588 shares during the period. Kaizen Financial Strategies boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 4.5% in the first quarter. Kaizen Financial Strategies now owns 14,766 shares of the company’s stock worth $432,000 after purchasing an additional 642 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 0.8% in the first quarter. Royal Bank of Canada now owns 123,157 shares of the company’s stock worth $3,537,000 after purchasing an additional 917 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of ANGL stock opened at $27.55 on Friday. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 59.37 and a beta of 0.44. The company’s fifty day moving average price is $28.28 and its 200-day moving average price is $28.80. VanEck Fallen Angel High Yield Bond ETF has a one year low of $27.25 and a one year high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a $0.1583 dividend. The ex-dividend date was Thursday, October 1st. This is a negative change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1590. This represents a $1.90 dividend on an annualized basis and a dividend yield of 6.9%.

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.