VanEck Fallen Angel High Yield Bond ETF $ANGL Stake Lowered by Peak Financial Advisors LLC

Peak Financial Advisors LLC decreased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 13.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 236,382 shares of the company’s stock after selling 37,849 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF makes up approximately 3.4% of Peak Financial Advisors LLC’s portfolio, making the stock its 6th biggest position. Peak Financial Advisors LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $7,028,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ANGL. Capital Investment Advisors LLC increased its stake in VanEck Fallen Angel High Yield Bond ETF by 4.7% in the second quarter. Capital Investment Advisors LLC now owns 3,188,119 shares of the company’s stock valued at $93,348,000 after purchasing an additional 141,828 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 3.2% in the 2nd quarter. Cerity Partners LLC now owns 3,046,620 shares of the company’s stock valued at $89,205,000 after buying an additional 95,886 shares in the last quarter. 1832 Asset Management L.P. grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 4.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,225,643 shares of the company’s stock valued at $35,887,000 after buying an additional 47,147 shares during the last quarter. Evergreen Capital Management LLC raised its stake in VanEck Fallen Angel High Yield Bond ETF by 2.7% during the 2nd quarter. Evergreen Capital Management LLC now owns 1,033,582 shares of the company’s stock worth $30,263,000 after acquiring an additional 27,409 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in VanEck Fallen Angel High Yield Bond ETF by 26.6% during the 1st quarter. Raymond James Financial Inc. now owns 842,473 shares of the company’s stock worth $24,314,000 after acquiring an additional 176,759 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

NASDAQ ANGL opened at $29.39 on Thursday. The company has a fifty day moving average of $29.41 and a two-hundred day moving average of $29.28. The company has a market capitalization of $3.07 billion, a PE ratio of 59.37 and a beta of 0.44. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.92 and a 1 year high of $29.75.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Friday, November 28th were given a dividend of $0.1471 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a c) annualized dividend 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.