VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Declares Monthly Dividend of $0.17

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) declared a monthly dividend on Tuesday, June 30th, NASDAQ Dividends reports. Investors of record on Wednesday, July 1st will be paid a dividend of 0.171 per share on Tuesday, July 7th. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date is Wednesday, July 1st. This is a 11.4% increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.4%

ANGL stock traded down $0.13 during trading on Wednesday, hitting $29.11. 837,592 shares of the company’s stock traded hands, compared to its average volume of 891,716. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 59.37 and a beta of 0.43. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $28.35 and a 52 week high of $29.77. The stock has a fifty day moving average price of $29.12 and a two-hundred day moving average price of $29.25.

Institutional Investors Weigh In On VanEck Fallen Angel High Yield Bond ETF

Institutional investors have recently modified their holdings of the business. Paller Financial Services Inc bought a new position in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter worth about $1,272,000. Emissary Wealth LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at approximately $6,795,000. Optivise Advisory Services LLC grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 80.3% during the fourth quarter. Optivise Advisory Services LLC now owns 50,753 shares of the company’s stock valued at $1,490,000 after purchasing an additional 22,610 shares during the last quarter. Triad Wealth Partners LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the fourth quarter valued at approximately $1,347,000. Finally, Atlantic Edge Private Wealth Management LLC raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 10.0% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 216,900 shares of the company’s stock worth $6,369,000 after purchasing an additional 19,734 shares during the period.

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.