Sheets Smith Wealth Management Sells 2,094 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Sheets Smith Wealth Management cut its position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 4.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,735 shares of the company’s stock after selling 2,094 shares during the period. Sheets Smith Wealth Management’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $1,345,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in ANGL. Millennium Management LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the second quarter valued at $21,998,000. Strategic Financial Concepts LLC increased its position in VanEck Fallen Angel High Yield Bond ETF by 2,993.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 557,519 shares of the company’s stock valued at $15,778,000 after purchasing an additional 539,494 shares during the period. Jane Street Group LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 1st quarter valued at about $14,510,000. Bank of Montreal Can raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 482.2% in the 2nd quarter. Bank of Montreal Can now owns 541,407 shares of the company’s stock valued at $15,463,000 after purchasing an additional 448,415 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 208.3% during the first quarter. Cetera Investment Advisers now owns 516,743 shares of the company’s stock valued at $14,996,000 after purchasing an additional 349,129 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.3 %

Shares of ANGL stock opened at $29.16 on Friday. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.98 and a 52-week high of $29.47. The company’s 50 day moving average is $29.13 and its 200 day moving average is $28.80.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a $0.1568 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.45%.

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.