Bank of New York Mellon Corp Sells 57,653 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Bank of New York Mellon Corp decreased its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 4.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,141,236 shares of the company’s stock after selling 57,653 shares during the quarter. Bank of New York Mellon Corp owned about 1.15% of VanEck Fallen Angel High Yield Bond ETF worth $32,936,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 1,856.5% in the fourth quarter. BNP Paribas Financial Markets now owns 900 shares of the company’s stock valued at $26,000 after acquiring an additional 854 shares during the period. Biltmore Family Office LLC grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 593.3% during the 4th quarter. Biltmore Family Office LLC now owns 936 shares of the company’s stock worth $27,000 after acquiring an additional 801 shares in the last quarter. Transce3nd LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth about $46,000. Howe & Rusling Inc. bought a new position in VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth about $56,000. Finally, Fourth Dimension Wealth LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth about $84,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

NASDAQ:ANGL opened at $28.96 on Wednesday. The stock has a market capitalization of $2.93 billion, a P/E ratio of 59.37 and a beta of 0.52. The company’s 50-day simple moving average is $28.78 and its 200-day simple moving average is $28.69. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.92 and a fifty-two week high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, July 7th. Stockholders of record on Tuesday, July 1st were paid a dividend of $0.1442 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.98%.

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.