Tidemark LLC Invests $118,000 in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Tidemark LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,103 shares of the company’s stock, valued at approximately $118,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. RiverFront Investment Group LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 37.1% in the 4th quarter. RiverFront Investment Group LLC now owns 459,999 shares of the company’s stock valued at $13,238,000 after purchasing an additional 124,546 shares during the period. Geneos Wealth Management Inc. lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 1.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 26,678 shares of the company’s stock valued at $768,000 after buying an additional 364 shares during the period. Zimmermann Investment Management & Planning LLC boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 13.6% during the fourth quarter. Zimmermann Investment Management & Planning LLC now owns 129,816 shares of the company’s stock worth $3,736,000 after buying an additional 15,556 shares during the last quarter. Aviance Capital Partners LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth about $435,000. Finally, Atlantic Edge Private Wealth Management LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter valued at about $6,174,000.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.3 %

VanEck Fallen Angel High Yield Bond ETF stock traded down $0.08 during midday trading on Thursday, hitting $28.54. 412,046 shares of the stock were exchanged, compared to its average volume of 1,234,381. The stock has a market capitalization of $2.95 billion, a PE ratio of 0.48 and a beta of 0.52. The company has a fifty day simple moving average of $28.61 and a two-hundred day simple moving average of $28.58. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $26.28 and a 52 week high of $29.21.

VanEck Fallen Angel High Yield Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd were issued a $0.1511 dividend. This represents a $1.81 annualized dividend and a dividend yield of 6.35%. The ex-dividend date of this dividend was Wednesday, May 1st.

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.