Alpha Cubed Investments LLC Sells 1,600 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Alpha Cubed Investments LLC lessened its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,586 shares of the company’s stock after selling 1,600 shares during the period. Alpha Cubed Investments LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $592,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Financial Management Network Inc. boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 42.1% during the 3rd quarter. Financial Management Network Inc. now owns 19,104 shares of the company’s stock worth $507,000 after acquiring an additional 5,656 shares during the last quarter. Raymond James & Associates boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 142.8% during the 3rd quarter. Raymond James & Associates now owns 380,375 shares of the company’s stock worth $10,293,000 after acquiring an additional 223,689 shares during the last quarter. Independent Advisor Alliance purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth $447,000. Legacy Financial Group LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth $102,000. Finally, Eudaimonia Partners LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 11.1% during the 3rd quarter. Eudaimonia Partners LLC now owns 11,065 shares of the company’s stock valued at $299,000 after buying an additional 1,108 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

ANGL opened at $28.27 on Wednesday. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.28 and a fifty-two week high of $29.21. The firm’s fifty day moving average is $28.66 and its 200 day moving average is $28.37. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 0.47 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were paid a dividend of $0.152 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 6.45%. The ex-dividend date was Monday, April 1st.

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.