VanEck Fallen Angel High Yield Bond ETF $ANGL Shares Sold by Lido Advisors LLC

Lido Advisors LLC lowered its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 24.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 136,841 shares of the company’s stock after selling 43,116 shares during the quarter. Lido Advisors LLC owned about 0.13% of VanEck Fallen Angel High Yield Bond ETF worth $3,930,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ANGL. Fortune Financial Advisors LLC lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 2.9% during the fourth quarter. Fortune Financial Advisors LLC now owns 14,772 shares of the company’s stock worth $434,000 after purchasing an additional 418 shares during the last quarter. 1620 Investment Advisors Inc. increased its stake in VanEck Fallen Angel High Yield Bond ETF by 0.8% in the fourth quarter. 1620 Investment Advisors Inc. now owns 52,607 shares of the company’s stock valued at $1,545,000 after purchasing an additional 436 shares during the last quarter. Meridian Financial Advisors LLC increased its stake in VanEck Fallen Angel High Yield Bond ETF by 4.6% in the first quarter. Meridian Financial Advisors LLC now owns 11,176 shares of the company’s stock valued at $321,000 after purchasing an additional 490 shares during the last quarter. IFP Advisors Inc raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 1.8% during the fourth quarter. IFP Advisors Inc now owns 28,855 shares of the company’s stock worth $847,000 after purchasing an additional 499 shares in the last quarter. Finally, Truist Financial Corp lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 3.6% during the 4th quarter. Truist Financial Corp now owns 14,593 shares of the company’s stock worth $429,000 after buying an additional 504 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $28.82 on Friday. The company has a fifty day simple moving average of $29.07 and a 200-day simple moving average of $29.20. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $28.35 and a 12-month high of $29.77. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of 59.37 and a beta of 0.42.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.171 per share. This represents a c) annualized dividend and a yield of 7.1%. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Wednesday, July 1st.

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.