Elevation Capital Advisory LLC Sells 251,048 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL

Elevation Capital Advisory LLC lowered its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 76.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 76,461 shares of the company’s stock after selling 251,048 shares during the quarter. Elevation Capital Advisory LLC owned about 0.08% of VanEck Fallen Angel High Yield Bond ETF worth $2,239,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Silver Oak Securities Incorporated lifted its position in VanEck Fallen Angel High Yield Bond ETF by 0.9% during the 2nd quarter. Silver Oak Securities Incorporated now owns 38,911 shares of the company’s stock worth $1,139,000 after buying an additional 354 shares in the last quarter. Retirement Guys Formula LLC lifted its position in shares of 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 purchasing an additional 358 shares in the last quarter. TFG Advisers LLC lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 1.2% during the second 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. Biltmore Family Office LLC grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 48.9% during the first quarter. Biltmore Family Office LLC now owns 1,394 shares of the company’s stock valued at $40,000 after purchasing an additional 458 shares during the last quarter. Finally, Elm3 Financial Group LLC increased its holdings 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 $29.46 on Monday. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 59.37 and a beta of 0.52. The stock’s fifty day moving average price is $29.45 and its two-hundred day moving average price is $28.91. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.92 and a 52-week high of $29.75.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

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

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.