VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) is Shepherd Kaplan Krochuk LLC’s 2nd Largest Position

Shepherd Kaplan Krochuk LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 0.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 295,837 shares of the company’s stock after buying an additional 2,362 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF comprises 7.1% of Shepherd Kaplan Krochuk LLC’s portfolio, making the stock its 2nd largest holding. Shepherd Kaplan Krochuk LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $8,482,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 11.6% during the fourth quarter. Bank of America Corp DE now owns 9,470,412 shares of the company’s stock worth $271,517,000 after purchasing an additional 984,949 shares in the last quarter. State of Tennessee Department of Treasury grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 4.0% during the fourth quarter. State of Tennessee Department of Treasury now owns 5,129,285 shares of the company’s stock worth $147,057,000 after purchasing an additional 195,085 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 1.7% during the fourth quarter. Cerity Partners LLC now owns 2,849,242 shares of the company’s stock worth $81,688,000 after purchasing an additional 46,829 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 54.9% during the fourth quarter. Ameriprise Financial Inc. now owns 2,827,144 shares of the company’s stock worth $81,073,000 after purchasing an additional 1,002,192 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 51.2% during the fourth quarter. Wells Fargo & Company MN now owns 1,582,858 shares of the company’s stock worth $45,381,000 after purchasing an additional 535,771 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.4%

Shares of NASDAQ ANGL opened at $28.65 on Friday. VanEck Fallen Angel High Yield Bond ETF has a 12 month low of $26.92 and a 12 month high of $29.47. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 58.39 and a beta of 0.52. The business has a 50-day moving average of $28.36 and a 200-day moving average of $28.74.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Thursday, May 1st were paid a $0.1509 dividend. This represents a $1.81 annualized dividend and a yield of 6.32%. The ex-dividend date of this dividend was Thursday, May 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.