Piedmont Capital Management LLC Increases Stock Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Piedmont Capital Management LLC raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,106 shares of the company’s stock after acquiring an additional 2,975 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF makes up 1.6% of Piedmont Capital Management LLC’s investment portfolio, making the stock its 11th largest position. Piedmont Capital Management LLC owned approximately 0.09% of VanEck Fallen Angel High Yield Bond ETF worth $2,585,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Biltmore Family Office LLC grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 593.3% during the 4th quarter. Biltmore Family Office LLC now owns 936 shares of the company’s stock valued at $27,000 after buying an additional 801 shares during the last quarter. Van ECK Associates Corp lifted its holdings in VanEck Fallen Angel High Yield Bond ETF by 38.1% in the 4th quarter. Van ECK Associates Corp now owns 1,414 shares of the company’s stock valued at $41,000 after purchasing an additional 390 shares in the last quarter. Transce3nd LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth about $46,000. Howe & Rusling Inc. purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the fourth quarter worth about $56,000. Finally, Lowe Wealth Advisors LLC raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 252.0% in the fourth quarter. Lowe Wealth Advisors LLC now owns 2,520 shares of the company’s stock valued at $72,000 after buying an additional 1,804 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of NASDAQ ANGL opened at $28.38 on Friday. The firm’s 50 day moving average price is $28.52 and its 200 day moving average price is $28.80. The firm has a market cap of $2.81 billion, a P/E ratio of 58.39 and a beta of 0.47. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.92 and a 1 year high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were given a $0.1578 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.89 dividend on an annualized basis and a dividend yield of 6.67%. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.16.

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.