Foundations Investment Advisors LLC Decreases Stock Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Foundations Investment Advisors LLC trimmed its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 6.5% in the 4th quarter, HoldingsChannel reports. The firm owned 12,713 shares of the company’s stock after selling 881 shares during the period. Foundations Investment Advisors LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $364,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ANGL. Truist Financial Corp increased its position in VanEck Fallen Angel High Yield Bond ETF by 0.7% during the second quarter. Truist Financial Corp now owns 48,116 shares of the company’s stock worth $1,362,000 after buying an additional 347 shares during the period. Jaffetilchin Investment Partners LLC increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 1.2% in the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 28,909 shares of the company’s stock valued at $850,000 after acquiring an additional 350 shares during the period. HBW Advisory Services LLC raised its position in VanEck Fallen Angel High Yield Bond ETF by 5.3% in the 4th quarter. HBW Advisory Services LLC now owns 9,594 shares of the company’s stock valued at $275,000 after purchasing an additional 485 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 5.3% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 9,684 shares of the company’s stock worth $278,000 after purchasing an additional 491 shares during the period. Finally, Financial Advocates Investment Management boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 4.0% during the 3rd quarter. Financial Advocates Investment Management now owns 12,870 shares of the company’s stock worth $379,000 after purchasing an additional 495 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

NASDAQ ANGL opened at $29.08 on Friday. The firm’s fifty day moving average is $28.92 and its two-hundred day moving average is $28.98. VanEck Fallen Angel High Yield Bond ETF has a one year low of $26.98 and a one year high of $29.47. The firm has a market cap of $3.01 billion, a PE ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 27th were given a $0.1564 dividend. The ex-dividend date of this dividend was Friday, December 27th. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15.

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.