Cetera Investment Advisers Reduces Stock Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Cetera Investment Advisers cut its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 1.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 475,128 shares of the company’s stock after selling 4,944 shares during the quarter. Cetera Investment Advisers’ holdings in VanEck Fallen Angel High Yield Bond ETF were worth $13,622,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Baird Financial Group Inc. raised its position in VanEck Fallen Angel High Yield Bond ETF by 0.7% during the fourth quarter. Baird Financial Group Inc. now owns 106,073 shares of the company’s stock worth $3,041,000 after acquiring an additional 704 shares during the last quarter. Bank of America Corp DE increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 11.6% during the 4th quarter. Bank of America Corp DE now owns 9,470,412 shares of the company’s stock worth $271,517,000 after purchasing an additional 984,949 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 1,856.5% during the 4th quarter. BNP Paribas Financial Markets now owns 900 shares of the company’s stock worth $26,000 after purchasing an additional 854 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 54.9% in the 4th quarter. Ameriprise Financial Inc. now owns 2,827,144 shares of the company’s stock valued at $81,073,000 after buying an additional 1,002,192 shares in the last quarter. Finally, Ancora Advisors LLC grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 3.3% during the 4th quarter. Ancora Advisors LLC now owns 169,294 shares of the company’s stock valued at $4,854,000 after buying an additional 5,457 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

VanEck Fallen Angel High Yield Bond ETF stock opened at $28.26 on Friday. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.92 and a fifty-two week high of $29.47. The stock has a fifty day moving average of $28.39 and a two-hundred day moving average of $28.74. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 58.39 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, May 6th. Investors of record on Thursday, May 1st were paid a $0.1509 dividend. This represents a $1.81 annualized dividend and a yield of 6.41%. The ex-dividend date was Thursday, May 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.