VanEck Fallen Angel High Yield Bond ETF $ANGL Stock Position Reduced by Pioneer Family Office LLC

Pioneer Family Office LLC trimmed its position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 52.2% during the third quarter, Holdings Channel reports. The firm owned 215,534 shares of the company’s stock after selling 235,320 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF makes up approximately 3.0% of Pioneer Family Office LLC’s portfolio, making the stock its 6th biggest holding. Pioneer Family Office LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $5,994,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Aviance Capital Partners LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at $499,000. Founders Financial Securities LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter valued at about $320,000. Conning Inc. purchased a new position in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter valued at about $6,496,000. Autumn Glory Partners LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at about $363,000. Finally, Total Clarity Wealth Management Inc. purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the third quarter worth about $332,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of NASDAQ:ANGL opened at $27.78 on Thursday. The firm has a market capitalization of $3.00 billion, a PE ratio of 59.37 and a beta of 0.45. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $27.25 and a 1 year high of $29.77. The firm’s 50-day moving average is $28.07 and its two-hundred day moving average is $28.87.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, November 5th. Investors of record on Monday, November 2nd will be issued a $0.1688 dividend. This represents a $2.03 dividend on an annualized basis and a dividend yield of 7.3%. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1583. The ex-dividend date is Monday, November 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.