Deseret Mutual Benefit Administrators Has $1.69 Million Stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Deseret Mutual Benefit Administrators reduced its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 74.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 59,076 shares of the company’s stock after selling 168,118 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF comprises approximately 0.8% of Deseret Mutual Benefit Administrators’ portfolio, making the stock its 19th largest holding. Deseret Mutual Benefit Administrators’ holdings in VanEck Fallen Angel High Yield Bond ETF were worth $1,694,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC grew its stake in VanEck Fallen Angel High Yield Bond ETF by 18.4% in the third quarter. Foundations Investment Advisors LLC now owns 13,594 shares of the company’s stock valued at $400,000 after purchasing an additional 2,117 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 2.8% during the 3rd quarter. Private Advisor Group LLC now owns 19,972 shares of the company’s stock valued at $587,000 after buying an additional 536 shares during the last quarter. Silver Oak Securities Incorporated grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 2.0% in the 3rd quarter. Silver Oak Securities Incorporated now owns 31,971 shares of the company’s stock valued at $941,000 after buying an additional 637 shares in the last quarter. Allworth Financial LP increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 8.2% in the third quarter. Allworth Financial LP now owns 329,465 shares of the company’s stock worth $9,690,000 after buying an additional 25,023 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 5.3% in the third quarter. Arkadios Wealth Advisors now owns 31,858 shares of the company’s stock worth $937,000 after buying an additional 1,615 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.3 %

NASDAQ ANGL opened at $28.89 on Friday. The stock has a market capitalization of $2.99 billion, a PE ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.98 and a 12-month high of $29.47. The company has a 50 day moving average price of $28.85 and a two-hundred day moving average price of $29.01.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a $0.1563 dividend. The ex-dividend date of this dividend was Monday, February 3rd.

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.