Richard W. Paul & Associates LLC Has $2.69 Million Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Richard W. Paul & Associates LLC lessened its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 12.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 91,414 shares of the company’s stock after selling 13,218 shares during the period. VanEck Fallen Angel High Yield Bond ETF accounts for about 1.0% of Richard W. Paul & Associates LLC’s portfolio, making the stock its 21st largest position. Richard W. Paul & Associates LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $2,688,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Triad Wealth Partners LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter valued at $25,000. EverSource Wealth Advisors LLC grew its stake in shares of 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 acquiring an additional 522 shares in the last quarter. Gleason Group Inc. bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth $55,000. SageView Advisory Group LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 1st quarter worth $92,000. Finally, Cultivar Capital Inc. purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth about $121,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of NASDAQ:ANGL opened at $29.22 on Friday. The company’s 50-day moving average is $29.16 and its 200 day moving average is $28.75. The company has a market capitalization of $3.14 billion, a P/E ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.28 and a fifty-two week high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a $0.1501 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.