BCS Wealth Management Trims Stock Holdings in VanEck Fallen Angel High Yield Bond ETF $ANGL

BCS Wealth Management lessened its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 50.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,581 shares of the company’s stock after selling 20,579 shares during the quarter. BCS Wealth Management’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $591,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Fortune Financial Advisors LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 2.9% during the fourth quarter. Fortune Financial Advisors LLC now owns 14,772 shares of the company’s stock valued at $434,000 after buying an additional 418 shares during the period. 1620 Investment Advisors Inc. grew its stake in VanEck Fallen Angel High Yield Bond ETF by 0.8% in the 4th quarter. 1620 Investment Advisors Inc. now owns 52,607 shares of the company’s stock worth $1,545,000 after acquiring an additional 436 shares during the period. IFP Advisors Inc grew its stake in VanEck Fallen Angel High Yield Bond ETF by 1.8% in the 4th quarter. IFP Advisors Inc now owns 28,855 shares of the company’s stock worth $847,000 after acquiring an additional 499 shares during the period. Truist Financial Corp raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 3.6% in the 4th quarter. Truist Financial Corp now owns 14,593 shares of the company’s stock valued at $429,000 after acquiring an additional 504 shares during the last quarter. Finally, Perissos Private Wealth Management LLC raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 0.9% in the 3rd quarter. Perissos Private Wealth Management LLC now owns 62,637 shares of the company’s stock valued at $1,862,000 after acquiring an additional 542 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.1%

Shares of NASDAQ:ANGL opened at $29.19 on Thursday. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 59.37 and a beta of 0.43. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $28.35 and a 12-month high of $29.77. The stock’s 50-day moving average price is $29.12 and its two-hundred day moving average price is $29.25.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were issued a $0.1535 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date was Monday, June 1st.

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.