Kensington Asset Management LLC Has $35.74 Million Stake in VanEck Fallen Angel High Yield Bond ETF $ANGL

Kensington Asset Management LLC reduced its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 10.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,244,430 shares of the company’s stock after selling 150,000 shares during the period. VanEck Fallen Angel High Yield Bond ETF makes up 1.7% of Kensington Asset Management LLC’s investment portfolio, making the stock its 18th largest holding. Kensington Asset Management LLC owned about 1.19% of VanEck Fallen Angel High Yield Bond ETF worth $35,740,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Southern Farm Bureau Life Insurance raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 110.1% in the 4th quarter. Southern Farm Bureau Life Insurance now owns 2,587,512 shares of the company’s stock worth $76,045,000 after acquiring an additional 1,356,065 shares during the last quarter. Bank of America Corp DE boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 6.2% during the 3rd quarter. Bank of America Corp DE now owns 20,594,595 shares of the company’s stock valued at $612,277,000 after purchasing an additional 1,193,879 shares during the last quarter. Storen Legacy Partners LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF during the 4th quarter valued at about $16,729,000. Janney Montgomery Scott LLC increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 1,633.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 433,373 shares of the company’s stock worth $12,446,000 after purchasing an additional 408,373 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 21.6% during the 4th quarter. Wells Fargo & Company MN now owns 1,960,664 shares of the company’s stock worth $57,575,000 after purchasing an additional 348,040 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.0%

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $28.92 on Friday. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $28.35 and a 52 week high of $29.77. The business has a 50 day moving average price of $29.07 and a 200-day moving average price of $29.18. The company has a market cap of $3.04 billion, a PE ratio of 59.37 and a beta of 0.42.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a dividend of $0.171 per share. This represents a c) annualized dividend and a yield of 7.1%. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date was Wednesday, July 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.