VanEck Fallen Angel High Yield Bond ETF $ANGL Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. decreased its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 24.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 129,000 shares of the company’s stock after selling 40,800 shares during the period. Securian Asset Management Inc.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $3,777,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ANGL. Elevation Capital Advisory LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the first quarter valued at about $9,452,000. Integrity Alliance LLC. acquired a new position in VanEck Fallen Angel High Yield Bond ETF during the first quarter worth about $8,553,000. ACT Advisors LLC. acquired a new position in VanEck Fallen Angel High Yield Bond ETF during the second quarter worth about $7,543,000. Scotia Capital Inc. raised its position in VanEck Fallen Angel High Yield Bond ETF by 40.7% during the first quarter. Scotia Capital Inc. now owns 884,839 shares of the company’s stock worth $25,536,000 after acquiring an additional 255,745 shares during the last quarter. Finally, National Bank of Canada FI acquired a new position in VanEck Fallen Angel High Yield Bond ETF during the first quarter worth about $6,387,000.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.1%

Shares of ANGL opened at $29.50 on Wednesday. The stock has a market cap of $3.13 billion, a P/E ratio of 59.37 and a beta of 0.52. The company has a 50-day moving average of $29.47 and a two-hundred day moving average of $28.93. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.92 and a 12-month high of $29.75.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

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

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.