JPMorgan Chase & Co. Cuts Stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

JPMorgan Chase & Co. lessened its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 59.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 132,602 shares of the company’s stock after selling 197,151 shares during the period. JPMorgan Chase & Co. owned approximately 0.13% of VanEck Fallen Angel High Yield Bond ETF worth $3,802,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Van ECK Associates Corp raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 38.1% in the 4th quarter. Van ECK Associates Corp now owns 1,414 shares of the company’s stock valued at $41,000 after purchasing an additional 390 shares in the last quarter. Lowe Wealth Advisors LLC raised its stake in VanEck Fallen Angel High Yield Bond ETF by 252.0% in the fourth quarter. Lowe Wealth Advisors LLC now owns 2,520 shares of the company’s stock valued at $72,000 after buying an additional 1,804 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its holdings in VanEck Fallen Angel High Yield Bond ETF by 519.9% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,267 shares of the company’s stock worth $94,000 after buying an additional 2,740 shares during the last quarter. Synergy Asset Management LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth about $108,000. Finally, US Bancorp DE increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 48.0% in the 4th quarter. US Bancorp DE now owns 4,679 shares of the company’s stock valued at $134,000 after acquiring an additional 1,517 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.4 %

ANGL stock opened at $27.98 on Monday. The stock has a market cap of $2.77 billion, a P/E ratio of 57.90 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $26.92 and a twelve month high of $29.47. The company’s 50 day moving average is $28.61 and its two-hundred day moving average is $28.84.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.1578 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.16. This represents a $1.89 dividend on an annualized basis and a dividend yield of 6.77%.

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.