Apollon Wealth Management LLC Trims Stake in VanEck Fallen Angel High Yield Bond ETF $ANGL

Apollon Wealth Management LLC trimmed its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 19.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,981 shares of the company’s stock after selling 3,397 shares during the quarter. Apollon Wealth Management LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $409,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ANGL. Biltmore Family Office LLC increased its position in VanEck Fallen Angel High Yield Bond ETF by 48.9% during the 1st quarter. Biltmore Family Office LLC now owns 1,394 shares of the company’s stock worth $40,000 after purchasing an additional 458 shares in the last quarter. Costello Asset Management INC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 1st quarter worth about $44,000. Assetmark Inc. boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 293.0% during the 1st quarter. Assetmark Inc. now owns 2,480 shares of the company’s stock worth $72,000 after purchasing an additional 1,849 shares during the last quarter. Bogart Wealth LLC boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 41.0% during the 1st quarter. Bogart Wealth LLC now owns 2,540 shares of the company’s stock worth $73,000 after purchasing an additional 738 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 2,786.1% during the first quarter. GAMMA Investing LLC now owns 3,117 shares of the company’s stock valued at $90,000 after buying an additional 3,009 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of ANGL opened at $29.46 on Friday. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 59.37 and a beta of 0.52. The company’s 50 day simple moving average is $29.45 and its 200 day simple moving average is $28.91. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.92 and a 1 year high of $29.75.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st were given a $0.1465 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%.

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.