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

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) announced a monthly dividend on Tuesday, June 30th, NASDAQ Dividends reports. Stockholders of record on Wednesday, July 1st will be paid a dividend of 0.171 per share on Tuesday, July 7th. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend 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 Performance

Shares of NASDAQ:ANGL traded down $0.13 during trading on Wednesday, hitting $29.11. The company’s stock had a trading volume of 837,592 shares, compared to its average volume of 891,716. The company has a market capitalization of $3.05 billion, a PE ratio of 59.37 and a beta of 0.43. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $28.35 and a fifty-two week high of $29.77. The stock’s 50-day moving average price is $29.12 and its two-hundred day moving average price is $29.25.

Hedge Funds Weigh In On VanEck Fallen Angel High Yield Bond ETF

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

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.