UBS Group AG Sells 249,083 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL

UBS Group AG decreased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 61.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 157,371 shares of the company’s stock after selling 249,083 shares during the period. UBS Group AG’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $4,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Raleigh Capital Management Inc. bought a new position in VanEck Fallen Angel High Yield Bond ETF in the 4th quarter worth $35,000. Assetmark Inc. boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 766.4% in the 4th quarter. Assetmark Inc. now owns 3,431 shares of the company’s stock worth $101,000 after buying an additional 3,035 shares during the period. Darwin Wealth Management LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth $129,000. Equitable Holdings Inc. bought a new position in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter worth $201,000. Finally, Clear Creek Financial Management LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter worth $221,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $29.03 on Friday. The company has a market capitalization of $3.05 billion, a P/E ratio of 59.37 and a beta of 0.43. The company has a fifty day moving average of $28.98 and a 200 day moving average of $29.29. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $28.35 and a fifty-two week high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were issued a $0.1563 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) annualized dividend and a yield of 6.5%.

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.