Melone Private Wealth LLC Has $7.32 Million Stock Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Melone Private Wealth LLC lifted its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 6.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 248,934 shares of the company’s stock after purchasing an additional 15,574 shares during the period. VanEck Fallen Angel High Yield Bond ETF comprises about 3.9% of Melone Private Wealth LLC’s investment portfolio, making the stock its 10th largest position. Melone Private Wealth LLC owned 0.23% of VanEck Fallen Angel High Yield Bond ETF worth $7,321,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in ANGL. Mosaic Family Wealth Partners LLC increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 1.1% during the 1st quarter. Mosaic Family Wealth Partners LLC now owns 139,968 shares of the company’s stock worth $4,062,000 after purchasing an additional 1,475 shares during the period. Leo Wealth LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the fourth quarter valued at $340,000. CreativeOne Wealth LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the first quarter valued at about $225,000. Cornerstone Wealth Group LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the first quarter worth about $2,175,000. Finally, Bank of Montreal Can grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 482.2% during the 2nd quarter. Bank of Montreal Can now owns 541,407 shares of the company’s stock worth $15,463,000 after acquiring an additional 448,415 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

NASDAQ ANGL traded down $0.06 during trading on Monday, reaching $29.08. 85,634 shares of the company’s stock traded hands, compared to its average volume of 1,042,532. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.28 and a 12-month high of $29.47. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. The company’s 50 day simple moving average is $29.07 and its two-hundred day simple moving average is $28.74.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a $0.1501 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.