Allianz Asset Management GmbH Sells 100,000 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL

Allianz Asset Management GmbH reduced its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 35.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 182,379 shares of the company’s stock after selling 100,000 shares during the period. Allianz Asset Management GmbH’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $5,340,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Biltmore Family Office LLC grew its position in shares of 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 valued at $40,000 after acquiring an additional 458 shares during the period. Costello Asset Management INC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 1st quarter valued at approximately $44,000. Assetmark Inc. grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 293.0% during the 1st quarter. Assetmark Inc. now owns 2,480 shares of the company’s stock valued at $72,000 after acquiring an additional 1,849 shares during the period. Bogart Wealth LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 41.0% during the 1st quarter. Bogart Wealth LLC now owns 2,540 shares of the company’s stock valued at $73,000 after acquiring an additional 738 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 2,786.1% during the 1st quarter. GAMMA Investing LLC now owns 3,117 shares of the company’s stock valued at $90,000 after acquiring an additional 3,009 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.0%

VanEck Fallen Angel High Yield Bond ETF stock opened at $29.49 on Thursday. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $26.92 and a twelve month high of $29.75. The firm has a 50 day moving average price of $29.47 and a 200-day moving average price of $28.94. The company has a market capitalization of $3.13 billion, a P/E ratio of 59.37 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were paid a dividend of $0.1465 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date was Wednesday, October 1st.

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.