GeoWealth Management LLC Decreases Stock Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

GeoWealth Management LLC reduced its position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 45.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 178,272 shares of the company’s stock after selling 146,656 shares during the period. GeoWealth Management LLC owned 0.17% of VanEck Fallen Angel High Yield Bond ETF worth $5,111,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Biltmore Family Office LLC increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 593.3% during the fourth quarter. Biltmore Family Office LLC now owns 936 shares of the company’s stock valued at $27,000 after buying an additional 801 shares during the period. Van ECK Associates Corp raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 38.1% in the 4th quarter. Van ECK Associates Corp now owns 1,414 shares of the company’s stock worth $41,000 after purchasing an additional 390 shares in the last quarter. Howe & Rusling Inc. bought a new position in VanEck Fallen Angel High Yield Bond ETF in the 4th quarter worth $56,000. Lowe Wealth Advisors LLC lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 252.0% in the 4th quarter. Lowe Wealth Advisors LLC now owns 2,520 shares of the company’s stock worth $72,000 after purchasing an additional 1,804 shares during the period. Finally, Newbridge Financial Services Group Inc. increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 519.9% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,267 shares of the company’s stock valued at $94,000 after buying an additional 2,740 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Price Performance

ANGL stock opened at $27.98 on Friday. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.92 and a 1 year high of $29.47. The firm has a 50-day moving average of $28.62 and a 200 day moving average of $28.85. The company has a market cap of $2.83 billion, a P/E ratio of 57.90 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were paid a $0.1578 dividend. This represents a $1.89 dividend on an annualized basis and a dividend yield of 6.77%. The ex-dividend date of this dividend was Tuesday, April 1st. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.16.

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.