NBT Bank N.A. acquired a new stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 33,874 shares of the company’s stock, valued at approximately $942,000.
A number of other hedge funds also recently added to or reduced their stakes in ANGL. Ocean Park Asset Management LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter worth about $17,401,000. Janney Montgomery Scott LLC raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 1,633.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 433,373 shares of the company’s stock valued at $12,446,000 after purchasing an additional 408,373 shares in the last quarter. NBT Bank N A NY raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 2,631.8% in the 1st quarter. NBT Bank N A NY now owns 198,572 shares of the company’s stock valued at $5,703,000 after purchasing an additional 191,303 shares in the last quarter. Hershey Financial Advisers LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 1st quarter worth approximately $4,081,000. Finally, Towneley Capital Management Inc DE purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter worth approximately $3,948,000.
VanEck Fallen Angel High Yield Bond ETF Stock Performance
NASDAQ ANGL opened at $27.55 on Friday. The company has a market cap of $2.97 billion, a PE ratio of 59.37 and a beta of 0.44. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $27.25 and a 52-week high of $29.77. The firm’s 50 day moving average price is $28.28 and its 200-day moving average price is $28.80.
VanEck Fallen Angel High Yield Bond ETF Cuts Dividend
The business also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a $0.1583 dividend. The ex-dividend date was Thursday, October 1st. This represents a $1.90 annualized dividend and a yield of 6.9%. This is a drop from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1590.
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.
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