Rockefeller Capital Management L.P. Raises Position in VanEck Fallen Angel High Yield Bond ETF $ANGL

Rockefeller Capital Management L.P. increased its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 124.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,739 shares of the company’s stock after buying an additional 27,601 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $1,461,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of ANGL. IFC & Insurance Marketing Inc. acquired a new position in VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth approximately $26,000. Caldwell Trust Co boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 306.3% in the 4th quarter. Caldwell Trust Co now owns 1,028 shares of the company’s stock worth $30,000 after acquiring an additional 775 shares during the period. Raleigh Capital Management Inc. purchased a new position in VanEck Fallen Angel High Yield Bond ETF in the 4th quarter worth approximately $35,000. SHP Wealth Management acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at approximately $98,000. Finally, Assetmark Inc. raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 766.4% during the fourth quarter. Assetmark Inc. now owns 3,431 shares of the company’s stock valued at $101,000 after purchasing an additional 3,035 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.4%

NASDAQ ANGL opened at $29.11 on Thursday. The company’s fifty day simple moving average is $29.11 and its 200-day simple moving average is $29.24. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $28.35 and a 52 week high of $29.77. The stock has a market cap of $3.05 billion, a P/E ratio of 59.37 and a beta of 0.43.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.171 per share. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date is Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 7.0%.

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.