Independent Advisor Alliance Reduces Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Independent Advisor Alliance lowered its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 2.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,444 shares of the company’s stock after selling 398 shares during the quarter. Independent Advisor Alliance’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $454,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Truist Financial Corp raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 0.7% in the second quarter. Truist Financial Corp now owns 48,116 shares of the company’s stock valued at $1,362,000 after buying an additional 347 shares during the last quarter. Jaffetilchin Investment Partners LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 1.2% in the third quarter. Jaffetilchin Investment Partners LLC now owns 28,909 shares of the company’s stock valued at $850,000 after purchasing an additional 350 shares during the period. Delta Investment Management LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 2.6% in the second quarter. Delta Investment Management LLC now owns 19,069 shares of the company’s stock valued at $540,000 after purchasing an additional 492 shares during the period. Financial Advocates Investment Management increased its stake in VanEck Fallen Angel High Yield Bond ETF by 4.0% in the third quarter. Financial Advocates Investment Management now owns 12,870 shares of the company’s stock valued at $379,000 after purchasing an additional 495 shares during the last quarter. Finally, Retirement Guys Formula LLC lifted its position in VanEck Fallen Angel High Yield Bond ETF by 0.9% during the third quarter. Retirement Guys Formula LLC now owns 54,649 shares of the company’s stock worth $1,607,000 after buying an additional 510 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Price Performance

ANGL opened at $29.18 on Friday. VanEck Fallen Angel High Yield Bond ETF has a 12 month low of $26.98 and a 12 month high of $29.47. The business has a 50-day moving average of $29.09 and a two-hundred day moving average of $28.86. The stock has a market capitalization of $3.07 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. Investors of record on Friday, November 1st were issued a $0.1568 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.88 dividend on an annualized basis and a yield of 6.45%.

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.