VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Shares Sold by Western Wealth Management LLC

Western Wealth Management LLC decreased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 7.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,470 shares of the company’s stock after selling 1,413 shares during the period. Western Wealth Management LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. IFP Advisors Inc lifted its holdings in VanEck Fallen Angel High Yield Bond ETF by 67.0% during the fourth quarter. IFP Advisors Inc now owns 17,870 shares of the company’s stock valued at $512,000 after purchasing an additional 7,169 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 1.1% during the 4th quarter. Bank of New York Mellon Corp now owns 1,198,889 shares of the company’s stock worth $34,372,000 after purchasing an additional 13,587 shares during the last quarter. US Bancorp DE lifted its stake in 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 buying an additional 1,517 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 25.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 26,442 shares of the company’s stock worth $757,000 after buying an additional 5,343 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in VanEck Fallen Angel High Yield Bond ETF by 70.7% during the 4th quarter. Jones Financial Companies Lllp now owns 155,279 shares of the company’s stock worth $4,452,000 after buying an additional 64,300 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $29.15 on Friday. The stock has a market capitalization of $2.95 billion, a P/E ratio of 59.37 and a beta of 0.44. The business has a 50 day simple moving average of $28.57 and a two-hundred day simple moving average of $28.67. VanEck Fallen Angel High Yield Bond ETF has a 12 month low of $26.92 and a 12 month high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, June 2nd were given a dividend of $0.1546 per share. This represents a $1.86 annualized dividend and a dividend yield of 6.36%. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Monday, June 2nd.

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.