VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC decreased its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 75.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,822 shares of the company’s stock after selling 24,546 shares during the quarter. Axxcess Wealth Management LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $227,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ANGL. State of Tennessee Treasury Department grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 61.9% in the 4th quarter. State of Tennessee Treasury Department now owns 3,933,600 shares of the company’s stock worth $113,209,000 after acquiring an additional 1,504,000 shares in the last quarter. Morningstar Investment Services LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 98.6% in the 4th quarter. Morningstar Investment Services LLC now owns 1,732,443 shares of the company’s stock worth $49,964,000 after acquiring an additional 860,132 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 562.1% in the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 661,041 shares of the company’s stock worth $19,025,000 after acquiring an additional 561,195 shares in the last quarter. ACT Advisors LLC. acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter worth approximately $16,135,000. Finally, 1832 Asset Management L.P. grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 33.6% in the 4th quarter. 1832 Asset Management L.P. now owns 1,221,400 shares of the company’s stock worth $35,152,000 after acquiring an additional 307,509 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.3 %

Shares of NASDAQ ANGL opened at $28.69 on Friday. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.28 and a 12-month high of $29.21. The stock’s 50 day simple moving average is $28.54 and its 200 day simple moving average is $28.66.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, July 5th. Investors of record on Monday, July 1st were issued a $0.1507 dividend. The ex-dividend date was Monday, July 1st.

VanEck Fallen Angel High Yield Bond ETF 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.