LPL Financial LLC Sells 136,693 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL

LPL Financial LLC decreased its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 3.0% in the 4th quarter, HoldingsChannel reports. The firm owned 4,389,699 shares of the company’s stock after selling 136,693 shares during the quarter. LPL Financial LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $128,903,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Caldwell Trust Co increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 306.3% in the 4th quarter. Caldwell Trust Co now owns 1,028 shares of the company’s stock valued at $30,000 after buying an additional 775 shares during the period. Raleigh Capital Management Inc. bought a new position in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at about $35,000. Assetmark Inc. boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 766.4% in the fourth quarter. Assetmark Inc. now owns 3,431 shares of the company’s stock valued at $101,000 after acquiring an additional 3,035 shares during the last quarter. Kingdom Financial Group LLC. bought a new position in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at about $125,000. Finally, Darwin Wealth Management LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at about $129,000.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.3%

VanEck Fallen Angel High Yield Bond ETF stock opened at $28.92 on Thursday. The business’s 50-day simple moving average is $29.08 and its 200 day simple moving average is $29.27. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 59.37 and a beta of 0.43. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $28.35 and a 12-month high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were issued a $0.1535 dividend. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a yield of 6.4%.

VanEck Fallen Angel High Yield Bond ETF Company 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.