Apollon Wealth Management LLC Decreases Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Apollon Wealth Management LLC trimmed its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 17.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,293 shares of the company’s stock after selling 4,031 shares during the period. Apollon Wealth Management LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $567,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. LPL Financial LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 4.4% during the second quarter. LPL Financial LLC now owns 3,525,907 shares of the company’s stock worth $99,783,000 after buying an additional 148,241 shares during the period. Capital Investment Advisors LLC boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 3.9% during the 2nd quarter. Capital Investment Advisors LLC now owns 3,000,290 shares of the company’s stock worth $84,908,000 after purchasing an additional 113,818 shares during the period. 1832 Asset Management L.P. grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 0.9% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,229,659 shares of the company’s stock valued at $34,799,000 after purchasing an additional 10,666 shares during the last quarter. Bank of New York Mellon Corp raised its position in VanEck Fallen Angel High Yield Bond ETF by 3.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,188,234 shares of the company’s stock worth $33,627,000 after purchasing an additional 40,902 shares during the period. Finally, Evergreen Capital Management LLC lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 1.7% in the second quarter. Evergreen Capital Management LLC now owns 994,173 shares of the company’s stock worth $28,135,000 after purchasing an additional 16,388 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

ANGL opened at $28.93 on Friday. The stock’s 50 day moving average price is $29.12 and its 200-day moving average price is $28.83. VanEck Fallen Angel High Yield Bond ETF has a one year low of $26.98 and a one year high of $29.47. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

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

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.