Meridian Wealth Management LLC Decreases Stock Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Meridian Wealth Management LLC trimmed its position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 6.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,970 shares of the company’s stock after selling 1,000 shares during the quarter. Meridian Wealth Management LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $411,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the second quarter worth $25,000. EverSource Wealth Advisors LLC raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 138.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock valued at $26,000 after acquiring an additional 522 shares during the last quarter. Assetmark Inc. lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 281.2% in the 3rd quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock worth $40,000 after purchasing an additional 1,001 shares in the last quarter. Fortitude Family Office LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth approximately $45,000. Finally, Gleason Group Inc. purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at approximately $55,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $28.98 on Monday. The business’s 50 day moving average price is $29.10 and its 200 day moving average price is $28.85. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a one year low of $26.98 and a one year high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were given a dividend of $0.1568 per share. This represents a $1.88 annualized dividend and a yield of 6.49%. The ex-dividend date was Friday, November 1st.

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.