Elevation Capital Advisory LLC cut its position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL – Free Report) by 88.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,507 shares of the company’s stock after selling 244,466 shares during the period. Elevation Capital Advisory LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $848,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in ANGL. Silvia Mccoll Wealth Management LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the third quarter worth about $3,528,000. Tidal Investments LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 20.5% in the 2nd quarter. Tidal Investments LLC now owns 293,253 shares of the company’s stock valued at $8,575,000 after purchasing an additional 49,904 shares during the last quarter. Christensen King & Associates Investment Services Inc. acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the third quarter valued at about $549,000. Winebrenner Capital Management LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth approximately $912,000. Finally, Ferguson Shapiro LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the second quarter worth $3,333,000.
VanEck Fallen Angel High Yield Bond ETF Stock Performance
Shares of ANGL stock opened at $27.68 on Friday. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $27.25 and a fifty-two week high of $29.77. The company has a 50 day moving average price of $28.15 and a 200 day moving average price of $28.90. The stock has a market capitalization of $2.99 billion, a P/E ratio of 59.37 and a beta of 0.44.
VanEck Fallen Angel High Yield Bond ETF Cuts Dividend
The firm also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a $0.1583 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 6.9%. This is a negative change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1590. The ex-dividend date of this dividend was Thursday, October 1st.
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.
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