Smithbridge Asset Management Inc. DE Invests $788,000 in VanEck Fallen Angel High Yield Bond ETF $ANGL

Smithbridge Asset Management Inc. DE bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 26,505 shares of the company’s stock, valued at approximately $788,000.

Other hedge funds have also bought and sold shares of the company. Thrivent Financial for Lutherans bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter valued at about $8,275,000. Tidal Investments LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the second quarter worth about $8,244,000. ACT Advisors LLC. bought a new position in VanEck Fallen Angel High Yield Bond ETF during the second quarter valued at approximately $7,543,000. Live Oak Investment Partners bought a new position in VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at approximately $6,237,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 109.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 370,272 shares of the company’s stock valued at $10,805,000 after buying an additional 193,590 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of ANGL opened at $29.58 on Friday. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 59.37 and a beta of 0.44. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.92 and a 1 year high of $29.75. The business’s 50 day simple moving average is $29.42 and its 200-day simple moving average is $29.37.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 29th were paid a dividend of $0.1599 per share. The ex-dividend date of this dividend was Monday, December 29th. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a yield of 6.5%.

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.