VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Stock Holdings Lessened by Farther Finance Advisors LLC

Farther Finance Advisors LLC lowered its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 1.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,264 shares of the company’s stock after selling 1,010 shares during the period. Farther Finance Advisors LLC owned about 0.07% of VanEck Fallen Angel High Yield Bond ETF worth $2,116,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Atlantic Edge Private Wealth Management LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at about $6,174,000. Aviance Capital Partners LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF during the fourth quarter valued at approximately $435,000. Tidemark LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at approximately $118,000. 1832 Asset Management L.P. grew its position in VanEck Fallen Angel High Yield Bond ETF by 33.6% in the fourth quarter. 1832 Asset Management L.P. now owns 1,221,400 shares of the company’s stock worth $35,152,000 after acquiring an additional 307,509 shares in the last quarter. Finally, Mosaic Family Wealth Partners LLC increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 1.1% during the 1st quarter. Mosaic Family Wealth Partners LLC now owns 139,968 shares of the company’s stock worth $4,062,000 after purchasing an additional 1,475 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of VanEck Fallen Angel High Yield Bond ETF stock traded down $0.01 during midday trading on Friday, reaching $29.15. 340,644 shares of the company’s stock traded hands, compared to its average volume of 1,080,137. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $26.28 and a 52 week high of $29.27. The company’s 50 day simple moving average is $28.71 and its 200 day simple moving average is $28.65. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, August 6th. Shareholders of record on Thursday, August 1st were issued a dividend of $0.1573 per share. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. This represents a $1.89 annualized dividend and a yield of 6.48%. The ex-dividend date was Thursday, August 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.