Wealthfront Advisers LLC Sells 3,327 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL

Wealthfront Advisers LLC cut its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 6.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,471 shares of the company’s stock after selling 3,327 shares during the period. Wealthfront Advisers LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $1,390,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Golden State Wealth Management LLC raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 9.2% in the 1st quarter. Golden State Wealth Management LLC now owns 8,506 shares of the company’s stock worth $245,000 after acquiring an additional 715 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 109.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 370,272 shares of the company’s stock worth $10,805,000 after acquiring an additional 193,590 shares in the last quarter. Prosperity Consulting Group LLC raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 11.4% in the 1st quarter. Prosperity Consulting Group LLC now owns 111,459 shares of the company’s stock worth $3,217,000 after acquiring an additional 11,396 shares in the last quarter. Transamerica Financial Advisors LLC raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 6.5% in the 1st quarter. Transamerica Financial Advisors LLC now owns 176,905 shares of the company’s stock worth $5,106,000 after acquiring an additional 10,827 shares in the last quarter. Finally, Fifth Third Securities Inc. raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 3.4% in the 1st quarter. Fifth Third Securities Inc. now owns 91,831 shares of the company’s stock worth $2,650,000 after acquiring an additional 3,061 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.2%

ANGL stock opened at $29.56 on Friday. The stock has a 50-day moving average price of $29.53 and a 200-day moving average price of $29.03. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $26.92 and a 1-year high of $29.75. The firm has a market cap of $3.08 billion, a PE ratio of 59.37 and a beta of 0.44.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were given a $0.1465 dividend. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend was Wednesday, October 1st.

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.