Tidal Investments LLC Increases Stock Holdings in VanEck Fallen Angel High Yield Bond ETF $ANGL

Tidal Investments LLC grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 20.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 293,253 shares of the company’s stock after purchasing an additional 49,904 shares during the quarter. Tidal Investments LLC owned approximately 0.28% of VanEck Fallen Angel High Yield Bond ETF worth $8,575,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of ANGL. IFP Advisors Inc grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 12.0% in the 2nd quarter. IFP Advisors Inc now owns 31,176 shares of the company’s stock valued at $912,000 after buying an additional 3,335 shares during the last quarter. Performa Ltd US LLC raised its stake in VanEck Fallen Angel High Yield Bond ETF by 3.9% during the 2nd quarter. Performa Ltd US LLC now owns 123,913 shares of the company’s stock worth $3,623,000 after acquiring an additional 4,696 shares in the last quarter. Waverly Advisors LLC lifted its position in VanEck Fallen Angel High Yield Bond ETF by 8.3% in the second quarter. Waverly Advisors LLC now owns 62,675 shares of the company’s stock valued at $1,833,000 after acquiring an additional 4,786 shares during the last quarter. Parkside Financial Bank & Trust purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at $38,000. Finally, Kinetic Wealth Investment Advisors LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at $378,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

NASDAQ ANGL opened at $28.51 on Friday. The company has a fifty day moving average of $28.95 and a two-hundred day moving average of $29.04. The company has a market capitalization of $3.17 billion, a PE ratio of 59.37 and a beta of 0.42. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $28.35 and a 1 year high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were issued a $0.159 dividend. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend was Tuesday, September 1st.

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.