VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Stock Position Cut by Cornerstone Planning Group LLC

Cornerstone Planning Group LLC cut its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 18.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,967 shares of the company’s stock after selling 4,876 shares during the period. Cornerstone Planning Group LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $609,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ANGL. Mosaic Family Wealth Partners LLC increased its position in VanEck Fallen Angel High Yield Bond ETF by 1.1% in 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 last quarter. CreativeOne Wealth LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 1st quarter valued at $225,000. Bank of Montreal Can raised its stake in shares of 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. Heritage Oak Wealth Advisors LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at approximately $274,000. Finally, Peak Financial Advisors LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the third quarter worth $5,888,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of ANGL opened at $28.99 on Wednesday. VanEck Fallen Angel High Yield Bond ETF has a one year low of $26.98 and a one year high of $29.47. The company’s fifty day moving average price is $29.13 and its 200 day moving average price is $28.82. The company has a market capitalization of $3.05 billion, a PE ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were given a dividend of $0.1568 per share. This represents a $1.88 dividend on an annualized basis and a yield of 6.49%. The ex-dividend date of this dividend was Friday, November 1st.

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.