Frank Rimerman Advisors LLC Has $3.86 Million Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Frank Rimerman Advisors LLC trimmed its position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 0.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 136,249 shares of the company’s stock after selling 1,229 shares during the quarter. Frank Rimerman Advisors LLC owned 0.13% of VanEck Fallen Angel High Yield Bond ETF worth $3,856,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. State of Tennessee Treasury Department raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 61.9% during the fourth quarter. State of Tennessee Treasury Department now owns 3,933,600 shares of the company’s stock worth $113,209,000 after buying an additional 1,504,000 shares during the last quarter. LPL Financial LLC lifted its position in VanEck Fallen Angel High Yield Bond ETF by 4.4% in the 2nd quarter. LPL Financial LLC now owns 3,525,907 shares of the company’s stock valued at $99,783,000 after acquiring an additional 148,241 shares in the last quarter. Capital Investment Advisors LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 3.9% during the 2nd quarter. Capital Investment Advisors LLC now owns 3,000,290 shares of the company’s stock valued at $84,908,000 after purchasing an additional 113,818 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 10.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 2,167,274 shares of the company’s stock worth $62,374,000 after purchasing an additional 211,090 shares in the last quarter. Finally, Morningstar Investment Services LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 98.6% in the fourth quarter. Morningstar Investment Services LLC now owns 1,732,443 shares of the company’s stock worth $49,964,000 after purchasing an additional 860,132 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.1 %

Shares of NASDAQ:ANGL opened at $29.38 on Friday. The business’s 50 day moving average is $28.94 and its 200 day moving average is $28.70. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.28 and a 12-month high of $29.47. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, September 6th. Stockholders 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.