IVC Wealth Advisors LLC Cuts Position in VanEck Fallen Angel High Yield Bond ETF $ANGL

IVC Wealth Advisors LLC cut its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 14.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,300 shares of the company’s stock after selling 1,265 shares during the period. IVC Wealth Advisors LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $214,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Biltmore Family Office LLC grew its position in VanEck Fallen Angel High Yield Bond ETF by 48.9% in the first quarter. Biltmore Family Office LLC now owns 1,394 shares of the company’s stock worth $40,000 after acquiring an additional 458 shares in the last quarter. Costello Asset Management INC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the first quarter valued at about $44,000. Assetmark Inc. boosted its position in VanEck Fallen Angel High Yield Bond ETF by 293.0% during the first quarter. Assetmark Inc. now owns 2,480 shares of the company’s stock valued at $72,000 after buying an additional 1,849 shares during the period. Bogart Wealth LLC boosted its position in VanEck Fallen Angel High Yield Bond ETF by 41.0% during the first quarter. Bogart Wealth LLC now owns 2,540 shares of the company’s stock valued at $73,000 after buying an additional 738 shares during the period. Finally, GAMMA Investing LLC boosted its position in VanEck Fallen Angel High Yield Bond ETF by 2,786.1% during the first quarter. GAMMA Investing LLC now owns 3,117 shares of the company’s stock valued at $90,000 after buying an additional 3,009 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.0%

NASDAQ ANGL opened at $29.64 on Friday. The company has a 50-day simple moving average of $29.38 and a two-hundred day simple moving average of $28.87. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.92 and a 12-month high of $29.75. The firm has a market cap of $3.13 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 firm also recently declared a monthly dividend, which will be paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.1465 per share. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date is Wednesday, October 1st.

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.