Raymond James & Associates Sells 6,642 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Raymond James & Associates decreased its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 380,747 shares of the company’s stock after selling 6,642 shares during the period. Raymond James & Associates owned approximately 0.35% of VanEck Fallen Angel High Yield Bond ETF worth $11,198,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ANGL. Cornerstone Wealth Management LLC increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 11.1% in the first quarter. Cornerstone Wealth Management LLC now owns 34,542 shares of the company’s stock valued at $1,002,000 after acquiring an additional 3,439 shares during the last quarter. Accel Wealth Management grew its stake in VanEck Fallen Angel High Yield Bond ETF by 1.5% in the first quarter. Accel Wealth Management now owns 86,306 shares of the company’s stock valued at $2,505,000 after purchasing an additional 1,266 shares in the last quarter. Hartline Investment Corp acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 1st quarter worth approximately $373,000. J.W. Cole Advisors Inc. bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 1st quarter worth approximately $202,000. Finally, Prosperity Consulting Group LLC boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 513.2% in the 1st quarter. Prosperity Consulting Group LLC now owns 89,986 shares of the company’s stock valued at $2,611,000 after buying an additional 75,310 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.1 %

NASDAQ ANGL opened at $29.04 on Tuesday. The firm has a market capitalization of $3.11 billion, a P/E ratio of 0.48 and a beta of 0.52. The firm’s fifty day moving average price is $29.17 and its two-hundred day moving average price is $28.77. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.48 and a 1 year high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently announced 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 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.