Mather Group LLC. Sells 33,278 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Mather Group LLC. cut its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 14.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 192,622 shares of the company’s stock after selling 33,278 shares during the quarter. Mather Group LLC. owned 0.19% of VanEck Fallen Angel High Yield Bond ETF worth $5,522,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Assetmark Inc. grew its position in VanEck Fallen Angel High Yield Bond ETF by 281.2% in the 3rd quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock worth $40,000 after purchasing an additional 1,001 shares during the period. Fortitude Family Office LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter worth $45,000. Lowe Wealth Advisors LLC grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 252.0% in the fourth quarter. Lowe Wealth Advisors LLC now owns 2,520 shares of the company’s stock worth $72,000 after acquiring an additional 1,804 shares during the period. Synergy Asset Management LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the fourth quarter valued at $108,000. Finally, Great Valley Advisor Group Inc. increased its position in VanEck Fallen Angel High Yield Bond ETF by 6.5% during the third quarter. Great Valley Advisor Group Inc. now owns 8,826 shares of the company’s stock valued at $260,000 after acquiring an additional 540 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of NASDAQ:ANGL opened at $28.85 on Tuesday. The stock’s 50-day simple moving average is $28.92 and its two-hundred day simple moving average is $28.98. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.98 and a 52-week high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.1563 per share. The ex-dividend date of this dividend is Monday, February 3rd.

VanEck Fallen Angel High Yield Bond ETF Company 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.