Cetera Investment Advisers Decreases Stock Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Cetera Investment Advisers lessened its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 7.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 479,509 shares of the company’s stock after selling 37,234 shares during the quarter. Cetera Investment Advisers owned 0.46% of VanEck Fallen Angel High Yield Bond ETF worth $13,570,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Orion Portfolio Solutions LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the fourth quarter valued at $535,000. Allianz Asset Management GmbH boosted its position in VanEck Fallen Angel High Yield Bond ETF by 55.2% in the 4th quarter. Allianz Asset Management GmbH now owns 65,239 shares of the company’s stock worth $1,878,000 after purchasing an additional 23,200 shares in the last quarter. Cetera Advisor Networks LLC boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 22.6% during the fourth quarter. Cetera Advisor Networks LLC now owns 204,145 shares of the company’s stock worth $5,875,000 after buying an additional 37,612 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 10.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,167,274 shares of the company’s stock worth $62,374,000 after acquiring an additional 211,090 shares during the period. Finally, State of Tennessee Treasury Department grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 61.9% during the 4th quarter. State of Tennessee Treasury Department now owns 3,933,600 shares of the company’s stock valued at $113,209,000 after acquiring an additional 1,504,000 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.1 %

NASDAQ ANGL opened at $29.14 on Friday. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. The stock has a 50-day moving average of $29.07 and a 200 day moving average of $28.74. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $26.28 and a twelve month high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently declared 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 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.