Lido Advisors LLC Lowers Holdings in VanEck Fallen Angel High Yield Bond ETF $ANGL

Lido Advisors LLC reduced its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 24.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 136,841 shares of the company’s stock after selling 43,116 shares during the quarter. Lido Advisors LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $3,930,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of ANGL. IFC & Insurance Marketing Inc. acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter worth $26,000. Caldwell Trust Co increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 306.3% during the fourth quarter. Caldwell Trust Co now owns 1,028 shares of the company’s stock worth $30,000 after acquiring an additional 775 shares during the period. Raleigh Capital Management Inc. acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the fourth quarter worth about $35,000. SHP Wealth Management purchased a new position in VanEck Fallen Angel High Yield Bond ETF during the fourth quarter worth about $98,000. Finally, Assetmark Inc. raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 766.4% during the fourth quarter. Assetmark Inc. now owns 3,431 shares of the company’s stock worth $101,000 after purchasing an additional 3,035 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of NASDAQ:ANGL opened at $28.82 on Friday. The company has a market cap of $3.07 billion, a P/E ratio of 59.37 and a beta of 0.42. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $28.35 and a 52 week high of $29.77. The company has a 50-day moving average price of $29.07 and a 200 day moving average price of $29.20.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.171 per share. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%.

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.