Sound Income Strategies LLC reduced its position in the VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL – Get Rating) by 97.1% during the 4th quarter, according to its latest 13F filing with the SEC. The institutional investor held 3,641 shares of the company after selling 123,450 shares during the period. Sound Income Strategies LLC’s holdings in the VanEck Fallen Angel High Yield Bond ETF were worth $98,000 when it last filed with the SEC.
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Several other large investors also changed their positions in the company. EPG Wealth Management LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF during Q3, valued at approximately $42,000. Bogart Wealth LLC increased its stake in shares of the VanEck Fallen Angel High Yield Bond ETF by 33.7% in the third quarter. Bogart Wealth LLC now owns 2,383 shares of the company valued at $63,000 after acquiring an additional 600 shares in the last quarter. Activest Wealth Management acquired a new equity position in the VanEck Fallen Angel High Yield Bond ETF in Q3 for a value of approximately $79,000. Dakota Community Bank & Trust NA purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during Q4 for a value of approximately $167,000. Finally, First Horizon Advisors Inc. increased its position in VanEck Fallen Angel High Yield Bond ETF by 8.1% during the third quarter. First Horizon Advisors Inc. now owns 6,528 shares of the company worth $171,000 after acquiring 488 additional shares in the last quarter.
VanEck Fallen Angel High Yield Bond ETF Stock Performance
ANGL shares opened at $27.22 on Friday. The company has a market capitalization of $2.71 billion, a price/earnings ratio of 59.99 and a beta of 0.51. The stock has a fifty-day moving average price of $27.38 and a two-hundred-day moving average price of $27.55. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $25.75 and a 52-week high of $30.58.
VanEck Fallen Angel High Yield Bond ETF Cuts Dividends
The company also recently announced a monthly dividend, which was paid on Tuesday, March 7. Shareholders of record on Thursday, March 2 received a dividend of $0.102. The ex-dividend date was Wednesday, March 1. This represents a dividend of $1.22 on an annualized basis and a dividend yield of 4.50%.
VanEck Fallen Angel High Yield Bond ETF Company Profile
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The VanEck Fallen Angel High Yield Bond ETF (ANGL) is an exchange traded fund that invests primarily in high yield fixed income securities. The fund tracks a market value-weighted index of bonds rated investment grade at issuance but subsequently downgraded to sub-investment grade. ANGL was launched on April 10, 2012 and is managed by VanEck.
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