LPL Financial LLC Sells 54,886 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

LPL Financial LLC decreased its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,717,920 shares of the company’s stock after selling 54,886 shares during the period. LPL Financial LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $106,593,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,376,646 shares of the company’s stock worth $40,487,000 after buying an additional 38,164 shares during the last quarter. Citigroup Inc. raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 34.8% in the 3rd quarter. Citigroup Inc. now owns 177,132 shares of the company’s stock worth $5,209,000 after acquiring an additional 45,694 shares during the last quarter. Great Valley Advisor Group Inc. lifted its position in VanEck Fallen Angel High Yield Bond ETF by 6.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 8,826 shares of the company’s stock valued at $260,000 after acquiring an additional 540 shares in the last quarter. Transamerica Financial Advisors Inc. boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 1.7% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 172,900 shares of the company’s stock valued at $5,085,000 after purchasing an additional 2,872 shares during the last quarter. Finally, Hilltop Holdings Inc. bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter worth $737,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of NASDAQ:ANGL opened at $28.99 on Wednesday. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.98 and a 1 year high of $29.47. The company has a market cap of $3.00 billion, a P/E ratio of 60.45 and a beta of 0.52. The stock’s fifty day moving average price is $28.95 and its 200-day moving average price is $29.00.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.1361 per share. The ex-dividend date of this dividend was Monday, March 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.