BCS Wealth Management Decreases Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

BCS Wealth Management decreased its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,392 shares of the company’s stock after selling 2,142 shares during the period. BCS Wealth Management’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $785,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Millennium Management LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter valued at $21,998,000. Bank of Montreal Can boosted its holdings in 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 worth $15,463,000 after buying an additional 448,415 shares during the period. CHB Investment Group LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter worth approximately $8,744,000. Integrated Wealth Concepts LLC grew its stake in VanEck Fallen Angel High Yield Bond ETF by 54.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 802,677 shares of the company’s stock valued at $23,607,000 after buying an additional 282,668 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 7.0% during the 3rd quarter. LPL Financial LLC now owns 3,772,806 shares of the company’s stock valued at $110,958,000 after acquiring an additional 246,899 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Price Performance

VanEck Fallen Angel High Yield Bond ETF stock opened at $28.55 on Tuesday. The firm has a market capitalization of $3.01 billion, a P/E ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a one year low of $26.98 and a one year high of $29.47. The business has a fifty day moving average price of $28.93 and a 200-day moving average price of $28.94.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 27th were issued a dividend of $0.1564 per share. The ex-dividend date of this dividend was Friday, December 27th. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15.

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.