Elevation Capital Advisory LLC Decreases Stock Position in VanEck Fallen Angel High Yield Bond ETF $ANGL

Elevation Capital Advisory LLC cut its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 55.1% during the third quarter, HoldingsChannel.com reports. The fund owned 34,343 shares of the company’s stock after selling 42,118 shares during the period. Elevation Capital Advisory LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $1,021,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Retirement Guys Formula LLC boosted its position in VanEck Fallen Angel High Yield Bond ETF by 0.7% during the second quarter. Retirement Guys Formula LLC now owns 48,684 shares of the company’s stock worth $1,425,000 after acquiring an additional 358 shares during the last quarter. Spire Wealth Management raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 4.4% in the 3rd quarter. Spire Wealth Management now owns 9,075 shares of the company’s stock valued at $270,000 after acquiring an additional 385 shares during the last quarter. TFG Advisers LLC lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 1.2% in the 2nd quarter. TFG Advisers LLC now owns 34,194 shares of the company’s stock worth $1,001,000 after purchasing an additional 415 shares in the last quarter. Rovin Capital UT ADV boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 0.7% during the 2nd quarter. Rovin Capital UT ADV now owns 65,226 shares of the company’s stock worth $1,910,000 after purchasing an additional 453 shares during the last quarter. Finally, Elm3 Financial Group LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 6.8% in the second quarter. Elm3 Financial Group LLC now owns 7,515 shares of the company’s stock valued at $220,000 after purchasing an additional 476 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

NASDAQ:ANGL opened at $29.62 on Friday. VanEck Fallen Angel High Yield Bond ETF has a one year low of $26.92 and a one year high of $29.75. The stock has a market cap of $3.13 billion, a PE ratio of 59.37 and a beta of 0.44. The stock has a 50 day moving average price of $29.44 and a 200 day moving average price of $29.38.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th were paid a $0.1599 dividend. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Monday, December 29th. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%.

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.