VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 16.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 329,753 shares of the company’s stock after selling 66,399 shares during the period. JPMorgan Chase & Co. owned approximately 0.31% of VanEck Fallen Angel High Yield Bond ETF worth $9,698,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Millennium Management LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at $21,998,000. Bank of Montreal Can grew its position in VanEck Fallen Angel High Yield Bond ETF by 482.2% in the 2nd quarter. Bank of Montreal Can now owns 541,407 shares of the company’s stock valued at $15,463,000 after acquiring an additional 448,415 shares in the last quarter. CHB Investment Group LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the third quarter worth about $8,744,000. Integrated Wealth Concepts LLC lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 54.4% during the third quarter. Integrated Wealth Concepts LLC now owns 802,677 shares of the company’s stock worth $23,607,000 after purchasing an additional 282,668 shares in the last quarter. Finally, LPL Financial LLC lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 7.0% during the third quarter. LPL Financial LLC now owns 3,772,806 shares of the company’s stock worth $110,958,000 after purchasing an additional 246,899 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.1 %

VanEck Fallen Angel High Yield Bond ETF stock opened at $28.55 on Tuesday. The company’s 50 day moving average is $28.93 and its two-hundred day moving average is $28.94. The firm has a market cap of $3.01 billion, a PE ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.98 and a 52-week high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 27th were issued a $0.1564 dividend. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15. The ex-dividend date was Friday, December 27th.

About VanEck Fallen Angel High Yield Bond ETF

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.