VanEck Fallen Angel High Yield Bond ETF $ANGL Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC decreased its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 19.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,981 shares of the company’s stock after selling 3,397 shares during the period. Apollon Wealth Management LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $409,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Biltmore Family Office LLC grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 48.9% during the 1st quarter. Biltmore Family Office LLC now owns 1,394 shares of the company’s stock valued at $40,000 after buying an additional 458 shares during the period. Costello Asset Management INC acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the first quarter valued at $44,000. Assetmark Inc. raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 293.0% in the 1st quarter. Assetmark Inc. now owns 2,480 shares of the company’s stock worth $72,000 after purchasing an additional 1,849 shares during the period. Bogart Wealth LLC raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 41.0% in the 1st quarter. Bogart Wealth LLC now owns 2,540 shares of the company’s stock worth $73,000 after purchasing an additional 738 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 2,786.1% in the 1st quarter. GAMMA Investing LLC now owns 3,117 shares of the company’s stock worth $90,000 after purchasing an additional 3,009 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

ANGL opened at $29.46 on Friday. The firm has a 50 day moving average price of $29.45 and a 200 day moving average price of $28.91. The company has a market cap of $3.12 billion, a PE ratio of 59.37 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.92 and a 1 year high of $29.75.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were given a dividend of $0.1465 per share. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend was Wednesday, 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.