Oppenheimer & Co. Inc. Makes New Investment in VanEck Fallen Angel High Yield Bond ETF $ANGL

Oppenheimer & Co. Inc. acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 66,952 shares of the company’s stock, valued at approximately $1,862,000. Oppenheimer & Co. Inc. owned about 0.06% of VanEck Fallen Angel High Yield Bond ETF at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ANGL. Parkside Financial Bank & Trust acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the second quarter valued at about $38,000. Tompkins Financial Corp bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the third quarter worth about $43,000. Western Wealth Management LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the first quarter worth about $49,000. Compass Financial Management LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth about $82,000. Finally, TD Waterhouse Canada Inc. acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter worth about $83,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

ANGL opened at $27.68 on Friday. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $27.25 and a fifty-two week high of $29.77. The firm has a market capitalization of $2.99 billion, a PE ratio of 59.37 and a beta of 0.44. The company’s 50-day moving average is $28.15 and its 200 day moving average is $28.90.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a dividend of $0.1583 per share. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $1.90 dividend on an annualized basis and a yield of 6.9%. This is a decrease from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1590.

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.