VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Shares Sold by Main Street Financial Solutions LLC

Main Street Financial Solutions LLC lessened its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 8.0% in the third quarter, HoldingsChannel reports. The fund owned 9,360 shares of the company’s stock after selling 809 shares during the period. Main Street Financial Solutions LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $275,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of ANGL. Triad Wealth Partners LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the second quarter valued at about $25,000. EverSource Wealth Advisors LLC raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 138.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock worth $26,000 after buying an additional 522 shares in the last quarter. Assetmark Inc. lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 281.2% in the 3rd quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock worth $40,000 after acquiring an additional 1,001 shares during the period. Fortitude Family Office LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the third quarter valued at approximately $45,000. Finally, Gleason Group Inc. acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the second quarter valued at approximately $55,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of NASDAQ:ANGL opened at $28.93 on Friday. The stock’s 50 day moving average price is $29.13 and its 200 day moving average price is $28.82. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 0.48 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 company also recently disclosed 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 annualized dividend and a dividend yield of 6.50%.

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.