NBT Bank N A NY Increases Holdings in VanEck Fallen Angel High Yield Bond ETF $ANGL

NBT Bank N A NY increased its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 2,631.8% during the 1st quarter, Holdings Channel reports. The firm owned 198,572 shares of the company’s stock after acquiring an additional 191,303 shares during the quarter. NBT Bank N A NY’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $5,703,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. PFG Investments LLC lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 10.9% in the 1st quarter. PFG Investments LLC now owns 11,266 shares of the company’s stock worth $324,000 after buying an additional 1,103 shares during the period. World Investment Advisors increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 102.2% during the first quarter. World Investment Advisors now owns 71,688 shares of the company’s stock valued at $2,059,000 after buying an additional 36,240 shares during the period. Private Advisor Group LLC increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 14.1% during the first quarter. Private Advisor Group LLC now owns 44,412 shares of the company’s stock valued at $1,276,000 after buying an additional 5,474 shares during the period. Sound Income Strategies LLC increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 16.5% during the first quarter. Sound Income Strategies LLC now owns 67,001 shares of the company’s stock valued at $1,925,000 after buying an additional 9,470 shares during the period. Finally, Axis Wealth Partners LLC raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 3.2% in the first quarter. Axis Wealth Partners LLC now owns 40,584 shares of the company’s stock valued at $1,166,000 after acquiring an additional 1,264 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

NASDAQ:ANGL opened at $29.16 on Friday. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $28.35 and a 1-year high of $29.77. The company has a 50-day moving average of $29.10 and a 200 day moving average of $29.24. The firm has a market cap of $3.11 billion, a PE ratio of 59.37 and a beta of 0.42.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st will be issued a $0.171 dividend. The ex-dividend date is Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 7.0%. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15.

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.