Raymond James & Associates Sells 6,642 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Raymond James & Associates lessened its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 1.7% during the third quarter, HoldingsChannel.com reports. The fund owned 380,747 shares of the company’s stock after selling 6,642 shares during the period. Raymond James & Associates’ holdings in VanEck Fallen Angel High Yield Bond ETF were worth $11,198,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Triad Wealth Partners LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at approximately $25,000. EverSource Wealth Advisors LLC raised its position in VanEck Fallen Angel High Yield Bond ETF by 138.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock valued at $26,000 after buying an additional 522 shares during the last quarter. Gleason Group Inc. bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the second quarter valued at about $55,000. SageView Advisory Group LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF in the first quarter worth $92,000. Finally, Cultivar Capital Inc. purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the second quarter worth about $121,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of ANGL opened at $29.04 on Tuesday. The stock’s fifty day moving average price is $29.17 and its two-hundred day moving average price is $28.77. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.48 and a 1 year high of $29.47. The firm has a market cap of $3.11 billion, a PE ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.1501 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.