PFG Advisors Sells 8,322 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL

PFG Advisors lowered its position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 50.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,323 shares of the company’s stock after selling 8,322 shares during the period. PFG Advisors’ holdings in VanEck Fallen Angel High Yield Bond ETF were worth $244,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Biltmore Family Office LLC grew its holdings in 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 worth $40,000 after acquiring an additional 458 shares in the last quarter. Costello Asset Management INC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 1st quarter worth approximately $44,000. Assetmark Inc. boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 293.0% during the first quarter. Assetmark Inc. now owns 2,480 shares of the company’s stock valued at $72,000 after purchasing an additional 1,849 shares in the last quarter. CWM LLC boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 19.9% during the second quarter. CWM LLC now owns 5,218 shares of the company’s stock valued at $153,000 after purchasing an additional 866 shares in the last quarter. Finally, HF Advisory Group LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF during the second quarter valued at approximately $202,000.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.1%

Shares of NASDAQ:ANGL opened at $29.39 on Thursday. The firm has a 50 day moving average of $29.52 and a 200 day moving average of $29.12. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 59.37 and a beta of 0.44. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $26.92 and a 52 week high of $29.75.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, November 6th. Stockholders of record on Monday, November 3rd were given a $0.162 dividend. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend was Monday, November 3rd. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15.

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.