Transform Wealth LLC Sells 14,894 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Transform Wealth LLC reduced its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 18.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,634 shares of the company’s stock after selling 14,894 shares during the period. Transform Wealth LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $1,853,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ANGL. EverSource Wealth Advisors LLC raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 138.8% during the second 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 period. Assetmark Inc. raised its stake in VanEck Fallen Angel High Yield Bond ETF by 281.2% during the 3rd quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock valued at $40,000 after purchasing an additional 1,001 shares during the period. Fortitude Family Office LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter worth approximately $45,000. Lowe Wealth Advisors LLC boosted its stake in 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, Great Valley Advisor Group Inc. grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 6.5% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 8,826 shares of the company’s stock valued at $260,000 after buying an additional 540 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

ANGL stock opened at $28.90 on Tuesday. The company has a market capitalization of $3.04 billion, a PE ratio of 0.48 and a beta of 0.52. The company’s fifty day moving average price is $28.91 and its 200-day moving average price is $28.96. 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 Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 27th were issued a $0.1564 dividend. The ex-dividend date of this dividend was Friday, December 27th. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15.

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.