State of Tennessee Treasury Department Sells 552,084 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

State of Tennessee Treasury Department lowered its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 19.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,360,016 shares of the company’s stock after selling 552,084 shares during the period. State of Tennessee Treasury Department owned 2.35% of VanEck Fallen Angel High Yield Bond ETF worth $66,128,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 33.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,040,103 shares of the company’s stock valued at $62,019,000 after acquiring an additional 509,545 shares during the period. Deseret Mutual Benefit Administrators boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 0.8% during the first quarter. Deseret Mutual Benefit Administrators now owns 1,822,011 shares of the company’s stock valued at $51,053,000 after buying an additional 14,727 shares during the period. Envestnet Asset Management Inc. grew its position in VanEck Fallen Angel High Yield Bond ETF by 13.5% during the first quarter. Envestnet Asset Management Inc. now owns 1,089,033 shares of the company’s stock worth $30,515,000 after buying an additional 129,891 shares in the last quarter. 1832 Asset Management L.P. purchased a new position in VanEck Fallen Angel High Yield Bond ETF during the first quarter worth about $29,769,000. Finally, Wells Fargo & Company MN increased its stake in VanEck Fallen Angel High Yield Bond ETF by 3.7% in the 4th quarter. Wells Fargo & Company MN now owns 929,678 shares of the company’s stock worth $25,120,000 after acquiring an additional 33,494 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

NASDAQ ANGL traded up $0.06 during trading hours on Friday, reaching $27.60. 418,355 shares of the stock traded hands, compared to its average volume of 1,890,358. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 59.99 and a beta of 0.52. The stock has a 50 day simple moving average of $27.60 and a two-hundred day simple moving average of $27.55. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $25.75 and a 1 year high of $28.44.

VanEck Fallen Angel High Yield Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, September 8th. Shareholders of record on Tuesday, September 5th will be paid a dividend of $0.1347 per share. This represents a $1.62 annualized dividend and a dividend yield of 5.86%. The ex-dividend date of this dividend is Friday, September 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.