Mutual Advisors LLC Trims Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Mutual Advisors LLC trimmed its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGLFree Report) by 10.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 29,677 shares of the company’s stock after selling 3,548 shares during the period. Mutual Advisors LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $854,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cerity Partners LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the second quarter worth approximately $53,391,000. Wright Fund Management LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF during the third quarter worth about $27,539,000. 1832 Asset Management L.P. purchased a new position in VanEck Fallen Angel High Yield Bond ETF during the first quarter worth about $29,769,000. Bank of New York Mellon Corp purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth approximately $26,364,000. Finally, State of Tennessee Treasury Department raised its position in VanEck Fallen Angel High Yield Bond ETF by 38.5% in the second quarter. State of Tennessee Treasury Department now owns 3,269,600 shares of the company’s stock worth $90,797,000 after acquiring an additional 909,584 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

NASDAQ:ANGL opened at $28.91 on Wednesday. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.28 and a 1 year high of $29.21. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 59.99 and a beta of 0.52. The stock has a fifty day moving average price of $28.83 and a two-hundred day moving average price of $28.10.

VanEck Fallen Angel High Yield Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, March 7th. Shareholders of record on Monday, March 4th were issued a dividend of $0.1384 per share. The ex-dividend date was Friday, March 1st. This represents a $1.66 annualized dividend and a yield of 5.74%.

VanEck Fallen Angel High Yield Bond ETF Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

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