Darwin Wealth Management LLC Trims Stock Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Darwin Wealth Management LLC decreased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 8.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 321,454 shares of the company’s stock after selling 28,361 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF comprises approximately 2.5% of Darwin Wealth Management LLC’s holdings, making the stock its 13th biggest holding. Darwin Wealth Management LLC owned approximately 0.30% of VanEck Fallen Angel High Yield Bond ETF worth $9,251,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James & Associates increased 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 purchasing an additional 223,689 shares during the last quarter. Bank of New York Mellon Corp bought a new position in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth approximately $26,364,000. Concourse Financial Group Securities Inc. boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 408.0% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 1,016 shares of the company’s stock worth $27,000 after acquiring an additional 816 shares during the last quarter. Mackenzie Financial Corp bought a new position in VanEck Fallen Angel High Yield Bond ETF in the third quarter valued at approximately $2,015,000. Finally, Park Avenue Securities LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF in the third quarter valued at approximately $236,000.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.2 %

Shares of NASDAQ ANGL traded down $0.05 during midday trading on Friday, reaching $28.56. The company’s stock had a trading volume of 90,616 shares, compared to its average volume of 1,279,107. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. 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 stock has a 50 day simple moving average of $28.63 and a 200-day simple moving average of $28.44.

VanEck Fallen Angel High Yield Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd were given a dividend of $0.1511 per share. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $1.81 annualized dividend and a yield of 6.35%.

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.