Janney Montgomery Scott LLC Cuts Stake in VanEck Fallen Angel High Yield Bond ETF $ANGL

Janney Montgomery Scott LLC cut its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 77.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,187 shares of the company’s stock after selling 83,699 shares during the period. Janney Montgomery Scott LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $708,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Destiny Wealth Partners LLC boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 1.9% during the second quarter. Destiny Wealth Partners LLC now owns 349,545 shares of the company’s stock valued at $10,235,000 after buying an additional 6,545 shares during the last quarter. Meridian Financial LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at about $210,000. Retirement Guys Formula LLC lifted its holdings in VanEck Fallen Angel High Yield Bond ETF by 0.7% in the second quarter. Retirement Guys Formula LLC now owns 48,684 shares of the company’s stock valued at $1,425,000 after acquiring an additional 358 shares during the period. Axis Wealth Partners LLC lifted its holdings in VanEck Fallen Angel High Yield Bond ETF by 29.4% in the second quarter. Axis Wealth Partners LLC now owns 36,640 shares of the company’s stock valued at $1,073,000 after acquiring an additional 8,328 shares during the period. Finally, ACT Advisors LLC. bought a new position in VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at about $7,543,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

ANGL stock opened at $29.50 on Thursday. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.92 and a fifty-two week high of $29.75. The business’s 50-day moving average is $29.44 and its two-hundred day moving average is $28.90. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 59.37 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were issued a $0.1465 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) dividend on an annualized basis and a yield of 6.0%.

VanEck Fallen Angel High Yield Bond ETF Company 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.