Zimmermann Investment Management & Planning LLC Purchases 33,472 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Zimmermann Investment Management & Planning LLC lifted its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 18.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 211,499 shares of the company’s stock after buying an additional 33,472 shares during the period. VanEck Fallen Angel High Yield Bond ETF makes up about 2.0% of Zimmermann Investment Management & Planning LLC’s portfolio, making the stock its 15th largest position. Zimmermann Investment Management & Planning LLC owned approximately 0.20% of VanEck Fallen Angel High Yield Bond ETF worth $5,985,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Triad Wealth Partners LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at approximately $25,000. Pineridge Advisors LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the fourth quarter worth $50,000. Gleason Group Inc. acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter worth about $55,000. SageView Advisory Group LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the 1st quarter worth about $92,000. Finally, First Horizon Advisors Inc. grew its stake in VanEck Fallen Angel High Yield Bond ETF by 61.0% during the 4th quarter. First Horizon Advisors Inc. now owns 3,612 shares of the company’s stock valued at $104,000 after purchasing an additional 1,369 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

ANGL traded down $0.01 during trading on Wednesday, reaching $29.17. 567,829 shares of the company’s stock were exchanged, compared to its average volume of 1,087,199. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.28 and a 1 year high of $29.27. The company’s fifty day simple moving average is $28.68 and its 200-day simple moving average is $28.65. The stock has a market capitalization of $3.04 billion, a P/E ratio of 0.48 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 Tuesday, August 6th. Investors of record on Thursday, August 1st were issued a dividend of $0.1573 per share. This represents a $1.89 annualized dividend and a dividend yield of 6.47%. The ex-dividend date was Thursday, August 1st. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15.

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.