Sheets Smith Wealth Management Trims Stock Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Sheets Smith Wealth Management lowered its position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 4.4% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 45,735 shares of the company’s stock after selling 2,094 shares during the quarter. Sheets Smith Wealth Management’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $1,345,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Mosaic Family Wealth Partners LLC lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 1.1% during the first quarter. Mosaic Family Wealth Partners LLC now owns 139,968 shares of the company’s stock worth $4,062,000 after purchasing an additional 1,475 shares during the period. CreativeOne Wealth LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the 1st quarter valued at approximately $225,000. Bank of Montreal Can boosted its holdings in shares of 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 valued at $15,463,000 after acquiring an additional 448,415 shares during the last quarter. Heritage Oak Wealth Advisors LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at $274,000. Finally, Peak Financial Advisors LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the third quarter worth $5,888,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $29.16 on Friday. The stock has a market cap of $3.07 billion, a PE ratio of 0.48 and a beta of 0.52. The firm has a fifty day moving average price of $29.13 and a 200 day moving average price of $28.80. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.98 and a 1 year high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were paid a dividend of $0.1568 per share. The ex-dividend date was Friday, November 1st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.45%.

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.