Darwin Wealth Management LLC Decreases Stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Darwin Wealth Management LLC lessened its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 16.6% in the third quarter, HoldingsChannel.com reports. The firm owned 234,079 shares of the company’s stock after selling 46,637 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF accounts for 1.9% of Darwin Wealth Management LLC’s portfolio, making the stock its 12th largest position. Darwin Wealth Management LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $6,884,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Triad Wealth Partners LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter valued at about $25,000. EverSource Wealth Advisors LLC increased its stake 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 purchasing an additional 522 shares in the last quarter. Assetmark Inc. raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 281.2% during the 3rd quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock worth $40,000 after purchasing an additional 1,001 shares during the last quarter. Fortitude Family Office LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at approximately $45,000. Finally, Gleason Group Inc. acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter valued at $55,000.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.1 %

NASDAQ ANGL opened at $29.00 on Wednesday. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.98 and a fifty-two week high of $29.47. The business has a fifty day moving average of $29.12 and a 200-day moving average of $28.84. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were paid a dividend of $0.1568 per share. This represents a $1.88 annualized dividend and a dividend yield of 6.49%. The ex-dividend date was Friday, November 1st.

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.