Blue Trust Inc. Invests $2.31 Million in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Blue Trust Inc. purchased a new stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 79,447 shares of the company’s stock, valued at approximately $2,306,000. Blue Trust Inc. owned about 0.08% of VanEck Fallen Angel High Yield Bond ETF at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Triad Wealth Partners LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at about $25,000. Cypress Financial Planning LLC increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 25.3% in the second quarter. Cypress Financial Planning LLC now owns 311,827 shares of the company’s stock valued at $8,825,000 after purchasing an additional 63,045 shares during the period. Capital Wealth Management LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 10.4% during the second quarter. Capital Wealth Management LLC now owns 31,074 shares of the company’s stock worth $879,000 after purchasing an additional 2,937 shares during the last quarter. Cornerstone Wealth Management LLC lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 3.4% during the second quarter. Cornerstone Wealth Management LLC now owns 35,702 shares of the company’s stock worth $1,010,000 after purchasing an additional 1,160 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its position in VanEck Fallen Angel High Yield Bond ETF by 5.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 240,098 shares of the company’s stock valued at $6,795,000 after buying an additional 11,781 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

VanEck Fallen Angel High Yield Bond ETF stock traded up $0.12 during trading hours on Friday, reaching $29.07. 753,436 shares of the stock were exchanged, compared to its average volume of 1,108,941. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.28 and a 52-week high of $29.21. The stock has a market cap of $3.03 billion, a P/E ratio of 0.48 and a beta of 0.52. The firm’s 50 day moving average is $28.59 and its 200 day moving average is $28.64.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, August 6th. Investors of record on Thursday, August 1st were issued a dividend of $0.1573 per share. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. This represents a $1.89 annualized dividend and a yield of 6.49%. The ex-dividend date of this dividend was Thursday, August 1st.

VanEck Fallen Angel High Yield Bond ETF 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.