Western Wealth Management LLC Sells 480 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Western Wealth Management LLC trimmed its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 4.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,402 shares of the company’s stock after selling 480 shares during the quarter. Western Wealth Management LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $271,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. VitalStone Financial LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the third quarter valued at approximately $26,000. Concourse Financial Group Securities Inc. lifted its position in VanEck Fallen Angel High Yield Bond ETF by 408.0% in the third quarter. Concourse Financial Group Securities Inc. now owns 1,016 shares of the company’s stock worth $27,000 after purchasing an additional 816 shares during the period. ORG Partners LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter worth $33,000. Legacy Financial Group LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF in the third quarter worth $102,000. Finally, Simplex Trading LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF in the third quarter worth $129,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of ANGL stock opened at $28.31 on Tuesday. The stock has a market cap of $3.02 billion, a P/E ratio of 0.47 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a one year low of $26.28 and a one year high of $29.21. The stock has a fifty day moving average price of $28.71 and a 200 day moving average price of $28.30.

VanEck Fallen Angel High Yield Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were given a $0.152 dividend. The ex-dividend date of this dividend was Monday, April 1st. This represents a $1.82 annualized dividend and a yield of 6.44%.

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.