Allianz SE Purchases Shares of 248,042 VanEck Fallen Angel High Yield Bond ETF $ANGL

Allianz SE purchased a new stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 248,042 shares of the company’s stock, valued at approximately $7,284,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Fortune Financial Advisors LLC lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 2.9% in the fourth quarter. Fortune Financial Advisors LLC now owns 14,772 shares of the company’s stock valued at $434,000 after acquiring an additional 418 shares during the last quarter. 1620 Investment Advisors Inc. raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 0.8% in the fourth quarter. 1620 Investment Advisors Inc. now owns 52,607 shares of the company’s stock valued at $1,545,000 after purchasing an additional 436 shares during the period. IFP Advisors Inc raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 1.8% in the fourth quarter. IFP Advisors Inc now owns 28,855 shares of the company’s stock valued at $847,000 after purchasing an additional 499 shares during the period. Truist Financial Corp raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 3.6% in the fourth quarter. Truist Financial Corp now owns 14,593 shares of the company’s stock valued at $429,000 after purchasing an additional 504 shares during the period. Finally, Perissos Private Wealth Management LLC raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 0.9% in the third quarter. Perissos Private Wealth Management LLC now owns 62,637 shares of the company’s stock valued at $1,862,000 after purchasing an additional 542 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

NASDAQ:ANGL opened at $29.12 on Friday. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $28.35 and a 52 week high of $29.77. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 59.37 and a beta of 0.43. The firm’s 50-day simple moving average is $29.10 and its 200 day simple moving average is $29.27.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were given a dividend of $0.1535 per share. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend was Monday, June 1st.

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.