Van ECK Associates Corp Sells 9,290 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Van ECK Associates Corp reduced its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 90.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,024 shares of the company’s stock after selling 9,290 shares during the period. Van ECK Associates Corp’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Triad Wealth Partners LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the second quarter worth about $25,000. EverSource Wealth Advisors LLC boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 138.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock worth $26,000 after acquiring an additional 522 shares in the last quarter. Fortitude Family Office LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF in the third quarter valued at approximately $45,000. Gleason Group Inc. acquired a new position in VanEck Fallen Angel High Yield Bond ETF during the second quarter valued at approximately $55,000. Finally, SageView Advisory Group LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the first quarter worth $92,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of ANGL stock opened at $28.93 on Friday. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.98 and a fifty-two week high of $29.47. The stock’s fifty day moving average price is $29.13 and its two-hundred day moving average price is $28.82. The company has a market cap of $3.04 billion, a PE ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a $0.1568 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 6.50%. The ex-dividend date of this dividend was Friday, November 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.