Kensington Asset Management LLC Cuts Holdings in VanEck Fallen Angel High Yield Bond ETF $ANGL

Kensington Asset Management LLC trimmed its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 10.8% in the first quarter, HoldingsChannel reports. The firm owned 1,244,430 shares of the company’s stock after selling 150,000 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF accounts for about 1.7% of Kensington Asset Management LLC’s holdings, making the stock its 18th largest holding. Kensington Asset Management LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $35,740,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFC & Insurance Marketing Inc. bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth approximately $26,000. Caldwell Trust Co grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 306.3% in the fourth quarter. Caldwell Trust Co now owns 1,028 shares of the company’s stock valued at $30,000 after acquiring an additional 775 shares in the last quarter. Raleigh Capital Management Inc. purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the fourth quarter valued at approximately $35,000. Western Wealth Management LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the first quarter valued at approximately $49,000. Finally, SHP Wealth Management bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the fourth quarter worth $98,000.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.0%

ANGL stock opened at $28.92 on Friday. The stock has a market cap of $3.04 billion, a P/E ratio of 59.37 and a beta of 0.42. The stock’s fifty day simple moving average is $29.07 and its two-hundred day simple moving average is $29.18. 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 Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a dividend of $0.171 per share. The ex-dividend date was Wednesday, July 1st. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. This represents a c) annualized dividend and a yield of 7.1%.

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.