VanEck Fallen Angel High Yield Bond ETF $ANGL Shares Sold by Elevation Capital Advisory LLC

Elevation Capital Advisory LLC lowered its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 55.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,343 shares of the company’s stock after selling 42,118 shares during the period. Elevation Capital Advisory LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $1,021,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Thrivent Financial for Lutherans purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at about $8,275,000. Tidal Investments LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at approximately $8,244,000. Live Oak Investment Partners purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the third quarter valued at approximately $6,237,000. Capital Investment Advisors LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 4.5% during the 3rd quarter. Capital Investment Advisors LLC now owns 3,331,232 shares of the company’s stock worth $99,038,000 after buying an additional 143,113 shares during the period. Finally, Ocean Park Asset Management LLC lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 14.9% during the 3rd quarter. Ocean Park Asset Management LLC now owns 1,049,200 shares of the company’s stock valued at $31,193,000 after buying an additional 135,800 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of NASDAQ ANGL opened at $29.62 on Friday. The firm has a market cap of $3.13 billion, a PE ratio of 59.37 and a beta of 0.44. The firm has a fifty day moving average of $29.44 and a 200 day moving average of $29.38. VanEck Fallen Angel High Yield Bond ETF has a one year low of $26.92 and a one year high of $29.75.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 29th were given a dividend of $0.1599 per share. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date was Monday, December 29th. This represents a c) annualized dividend and a dividend yield of 6.5%.

VanEck Fallen Angel High Yield Bond ETF Company 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.