Aspire Wealth Management Corp Sells 3,977 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Aspire Wealth Management Corp cut its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 43.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,074 shares of the company’s stock after selling 3,977 shares during the period. Aspire Wealth Management Corp’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $149,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ANGL. Triad Wealth Partners LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the second quarter valued at approximately $25,000. EverSource Wealth Advisors LLC raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 138.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock worth $26,000 after purchasing an additional 522 shares in the last quarter. Fortitude Family Office LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter valued at approximately $45,000. Gleason Group Inc. bought a new position in VanEck Fallen Angel High Yield Bond ETF in the second quarter worth $55,000. Finally, SageView Advisory Group LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the first quarter worth about $92,000.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.1 %

Shares of NASDAQ:ANGL traded up $0.04 on Friday, hitting $29.12. 30,278 shares of the company traded hands, compared to its average volume of 1,016,703. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $26.98 and a 52 week high of $29.47. The stock has a 50 day simple moving average of $29.13 and a 200-day simple moving average of $28.79. The company has a market cap of $3.06 billion, a PE ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a $0.1568 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date was Friday, November 1st.

About VanEck Fallen Angel High Yield Bond ETF

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.