VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Position Decreased by Deseret Mutual Benefit Administrators

Deseret Mutual Benefit Administrators lowered its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 74.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,076 shares of the company’s stock after selling 168,118 shares during the period. VanEck Fallen Angel High Yield Bond ETF comprises 0.8% of Deseret Mutual Benefit Administrators’ holdings, making the stock its 19th biggest holding. Deseret Mutual Benefit Administrators owned about 0.06% of VanEck Fallen Angel High Yield Bond ETF worth $1,694,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,376,646 shares of the company’s stock valued at $40,487,000 after purchasing an additional 38,164 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth about $424,000. Foundations Investment Advisors LLC lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 18.4% during the third quarter. Foundations Investment Advisors LLC now owns 13,594 shares of the company’s stock valued at $400,000 after buying an additional 2,117 shares in the last quarter. Strategic Financial Concepts LLC boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 3.7% in the fourth quarter. Strategic Financial Concepts LLC now owns 21,331 shares of the company’s stock worth $612,000 after buying an additional 757 shares during the period. Finally, Lowe Wealth Advisors LLC increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 252.0% in the fourth quarter. Lowe Wealth Advisors LLC now owns 2,520 shares of the company’s stock worth $72,000 after acquiring an additional 1,804 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

ANGL stock opened at $28.89 on Friday. The firm has a market capitalization of $2.99 billion, a P/E 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 simple moving average is $28.85 and its 200-day simple moving average is $29.01.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.1563 per share. The ex-dividend date of this dividend was Monday, February 3rd.

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.