UBS Group AG Decreases Holdings in VanEck Fallen Angel High Yield Bond ETF $ANGL

UBS Group AG cut its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 61.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 157,371 shares of the company’s stock after selling 249,083 shares during the period. UBS Group AG owned about 0.15% of VanEck Fallen Angel High Yield Bond ETF worth $4,621,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. AE Wealth Management LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 5.1% during the 3rd quarter. AE Wealth Management LLC now owns 514,602 shares of the company’s stock valued at $15,299,000 after acquiring an additional 25,076 shares during the period. Atlantic Edge Private Wealth Management LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 10.0% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 216,900 shares of the company’s stock valued at $6,369,000 after acquiring an additional 19,734 shares during the period. Emissary Wealth LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 4th quarter valued at $6,795,000. Optivise Advisory Services LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 80.3% during the 4th quarter. Optivise Advisory Services LLC now owns 50,753 shares of the company’s stock valued at $1,490,000 after acquiring an additional 22,610 shares during the period. Finally, Paller Financial Services Inc bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 4th quarter valued at $1,272,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of ANGL stock opened at $29.03 on Friday. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $28.35 and a 1 year high of $29.77. The firm has a fifty day moving average price of $28.98 and a 200-day moving average price of $29.29. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 59.37 and a beta of 0.43.

VanEck Fallen Angel High Yield Bond ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were given a dividend of $0.1563 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%.

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.