Wealthfront Advisers LLC Has $1.39 Million Stake in VanEck Fallen Angel High Yield Bond ETF $ANGL

Wealthfront Advisers LLC decreased its position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 6.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,471 shares of the company’s stock after selling 3,327 shares during the quarter. Wealthfront Advisers LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $1,390,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. LPL Financial LLC boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 0.6% during the 1st quarter. LPL Financial LLC now owns 3,742,074 shares of the company’s stock valued at $107,996,000 after acquiring an additional 24,154 shares in the last quarter. Capital Investment Advisors LLC lifted its holdings in VanEck Fallen Angel High Yield Bond ETF by 4.7% during the 2nd quarter. Capital Investment Advisors LLC now owns 3,188,119 shares of the company’s stock worth $93,348,000 after buying an additional 141,828 shares during the period. Cerity Partners LLC lifted its holdings in VanEck Fallen Angel High Yield Bond ETF by 3.6% during the 1st quarter. Cerity Partners LLC now owns 2,950,734 shares of the company’s stock worth $85,158,000 after buying an additional 101,492 shares during the period. Envestnet Asset Management Inc. lifted its holdings in VanEck Fallen Angel High Yield Bond ETF by 3.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,910,732 shares of the company’s stock worth $55,144,000 after buying an additional 62,985 shares during the period. Finally, Horizon Investments LLC lifted its holdings in VanEck Fallen Angel High Yield Bond ETF by 0.6% during the 1st quarter. Horizon Investments LLC now owns 1,026,701 shares of the company’s stock worth $29,312,000 after buying an additional 6,455 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.2%

Shares of ANGL opened at $29.56 on Friday. The company has a market capitalization of $3.08 billion, a PE ratio of 59.37 and a beta of 0.44. VanEck Fallen Angel High Yield Bond ETF has a 12 month low of $26.92 and a 12 month high of $29.75. The stock’s 50-day moving average price is $29.53 and its two-hundred day moving average price is $29.03.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were issued a dividend of $0.1465 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) annualized dividend and a yield of 5.9%.

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.