MML Investors Services LLC Increases Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

MML Investors Services LLC increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL – Free Report) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 284,201 shares of the company’s stock after purchasing an additional 7,210 shares during the quarter. MML Investors Services LLC owned approximately 0.27% of VanEck Fallen Angel High Yield Bond ETF worth $8,148,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 48.0% during the fourth quarter. US Bancorp DE now owns 4,679 shares of the company’s stock valued at $134,000 after buying an additional 1,517 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth approximately $424,000. Bank of New York Mellon Corp lifted its position in VanEck Fallen Angel High Yield Bond ETF by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,198,889 shares of the company’s stock valued at $34,372,000 after acquiring an additional 13,587 shares during the last quarter. HighTower Advisors LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 76.8% in the fourth quarter. HighTower Advisors LLC now owns 218,738 shares of the company’s stock valued at $6,271,000 after acquiring an additional 95,012 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 8.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 194,910 shares of the company’s stock worth $5,588,000 after purchasing an additional 15,206 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.6 %

Shares of ANGL stock opened at $28.05 on Thursday. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.92 and a 12-month high of $29.47. The business’s fifty day simple moving average is $28.55 and its 200-day simple moving average is $28.81. The company has a market cap of $2.78 billion, a PE ratio of 57.90 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, April 1st were given a dividend of $0.1578 per share. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.16. This represents a $1.89 annualized dividend and a yield of 6.75%. The ex-dividend date was Tuesday, April 1st.

About VanEck Fallen Angel High Yield Bond ETF

(Free Report)

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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