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

Richard W. Paul & Associates LLC lowered its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 12.6% during the third quarter, according to its most recent filing with the SEC. 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 approximately 1.0% of Richard W. Paul & Associates LLC’s portfolio, making the stock its 21st largest position. Richard W. Paul & Associates LLC owned 0.09% of VanEck Fallen Angel High Yield Bond ETF worth $2,688,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Truist Financial Corp lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 0.7% in the 2nd quarter. Truist Financial Corp now owns 48,116 shares of the company’s stock worth $1,362,000 after purchasing an additional 347 shares during the period. Delta Investment Management LLC lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 2.6% in the 2nd quarter. Delta Investment Management LLC now owns 19,069 shares of the company’s stock worth $540,000 after purchasing an additional 492 shares during the period. EverSource Wealth Advisors LLC lifted its position 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 purchasing an additional 522 shares during the period. BCS Wealth Management lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 2.3% in the 3rd quarter. BCS Wealth Management now owns 29,534 shares of the company’s stock worth $869,000 after purchasing an additional 670 shares during the period. Finally, Silvia Mccoll Wealth Management LLC lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 0.8% in the 1st quarter. Silvia Mccoll Wealth Management LLC now owns 95,941 shares of the company’s stock worth $2,747,000 after purchasing an additional 735 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of NASDAQ ANGL opened at $29.22 on Friday. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.28 and a 52-week high of $29.47. The company’s 50 day moving average price is $29.16 and its 200-day moving average price 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 Cuts Dividend

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