Essex LLC Decreases Stock Holdings in VanEck Fallen Angel High Yield Bond ETF $ANGL

Essex LLC lowered its position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 65.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,172 shares of the company’s stock after selling 116,277 shares during the period. Essex LLC owned 0.06% of VanEck Fallen Angel High Yield Bond ETF worth $1,819,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Capital Investment Advisors LLC lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 4.7% during the 2nd quarter. Capital Investment Advisors LLC now owns 3,188,119 shares of the company’s stock worth $93,348,000 after buying an additional 141,828 shares during the last quarter. Cerity Partners LLC raised its stake in VanEck Fallen Angel High Yield Bond ETF by 4.1% during the 3rd quarter. Cerity Partners LLC now owns 3,171,491 shares of the company’s stock worth $94,288,000 after acquiring an additional 124,871 shares in the last quarter. 1832 Asset Management L.P. lifted its position in VanEck Fallen Angel High Yield Bond ETF by 4.0% in the second quarter. 1832 Asset Management L.P. now owns 1,225,643 shares of the company’s stock valued at $35,887,000 after acquiring an additional 47,147 shares during the last quarter. Ocean Park Asset Management LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 14.9% in the third quarter. Ocean Park Asset Management LLC now owns 1,049,200 shares of the company’s stock valued at $31,193,000 after acquiring an additional 135,800 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 2.7% during the second quarter. Evergreen Capital Management LLC now owns 1,033,582 shares of the company’s stock worth $30,263,000 after purchasing an additional 27,409 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

VanEck Fallen Angel High Yield Bond ETF stock opened at $29.55 on Friday. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.92 and a fifty-two week high of $29.75. The company has a market capitalization of $3.17 billion, a P/E ratio of 59.37 and a beta of 0.44. The stock has a 50-day simple moving average of $29.39 and a 200-day simple moving average of $29.35.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 29th were issued a $0.1599 dividend. The ex-dividend date of this dividend was Monday, December 29th. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%.

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.