LPL Financial LLC Sells 54,886 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

LPL Financial LLC trimmed its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,717,920 shares of the company’s stock after selling 54,886 shares during the period. LPL Financial LLC owned about 3.59% of VanEck Fallen Angel High Yield Bond ETF worth $106,593,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in VanEck Fallen Angel High Yield Bond ETF by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,376,646 shares of the company’s stock worth $40,487,000 after buying an additional 38,164 shares in the last quarter. Citigroup Inc. lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 34.8% in the 3rd quarter. Citigroup Inc. now owns 177,132 shares of the company’s stock valued at $5,209,000 after purchasing an additional 45,694 shares during the period. Great Valley Advisor Group Inc. boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 6.5% during the third quarter. Great Valley Advisor Group Inc. now owns 8,826 shares of the company’s stock valued at $260,000 after purchasing an additional 540 shares in the last quarter. Transamerica Financial Advisors Inc. grew its stake in VanEck Fallen Angel High Yield Bond ETF by 1.7% in the third quarter. Transamerica Financial Advisors Inc. now owns 172,900 shares of the company’s stock worth $5,085,000 after purchasing an additional 2,872 shares during the period. Finally, Hilltop Holdings Inc. purchased a new position in VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at $737,000.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.1 %

Shares of ANGL stock opened at $28.99 on Wednesday. The company’s fifty day moving average price is $28.95 and its 200-day moving average price is $29.00. The stock has a market cap of $3.00 billion, a PE ratio of 60.45 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 12 month low of $26.98 and a 12 month high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a $0.1361 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.