Sheets Smith Wealth Management Has $1.38 Million Stock Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Sheets Smith Wealth Management decreased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 99.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28 shares of the company’s stock after selling 48,482 shares during the period. Sheets Smith Wealth Management’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $1,381,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aspire Private Capital LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF during the first quarter worth about $25,133,940,000. Stonebridge Capital Advisors LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF during the first quarter worth about $38,000. FMR LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 1,600.0% in the first quarter. FMR LLC now owns 1,700 shares of the company’s stock valued at $48,000 after acquiring an additional 1,600 shares during the last quarter. WealthShield Partners LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the first quarter valued at approximately $82,000. Finally, Van ECK Associates Corp raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 481.6% in the fourth quarter. Van ECK Associates Corp now owns 3,612 shares of the company’s stock valued at $98,000 after acquiring an additional 2,991 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.0 %

NASDAQ:ANGL opened at $27.53 on Friday. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $25.75 and a 1 year high of $28.44. The firm has a 50 day moving average of $27.60 and a 200-day moving average of $27.54. The stock has a market capitalization of $2.90 billion, a P/E ratio of 59.99 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, September 8th. Stockholders of record on Tuesday, September 5th were paid a $0.1347 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 5.87%. The ex-dividend date of this dividend was Friday, September 1st.

About VanEck Fallen Angel High Yield Bond ETF

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.