Venturi Wealth Management LLC Has $40,000 Stock Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Venturi Wealth Management LLC lowered its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 34.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,369 shares of the company’s stock after selling 731 shares during the period. Venturi Wealth Management LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $40,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mosaic Family Wealth Partners LLC grew its position in VanEck Fallen Angel High Yield Bond ETF by 1.1% during the 1st quarter. Mosaic Family Wealth Partners LLC now owns 139,968 shares of the company’s stock worth $4,062,000 after acquiring an additional 1,475 shares during the last quarter. CreativeOne Wealth LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the first quarter valued at approximately $225,000. Bank of Montreal Can increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 482.2% in the second quarter. Bank of Montreal Can now owns 541,407 shares of the company’s stock valued at $15,463,000 after buying an additional 448,415 shares during the period. Heritage Oak Wealth Advisors LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter worth approximately $274,000. Finally, Peak Financial Advisors LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth approximately $5,888,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

ANGL stock opened at $28.93 on Friday. The company has a market capitalization of $3.04 billion, a P/E ratio of 0.48 and a beta of 0.52. The company has a fifty day moving average price of $29.12 and a 200-day moving average price of $28.82. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.98 and a 52-week high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a dividend of $0.1568 per share. This represents a $1.88 annualized dividend and a yield of 6.50%. The ex-dividend date was Friday, November 1st.

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.