International Private Wealth Advisors LLC Sells 3,172 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

International Private Wealth Advisors LLC decreased its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 15.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,010 shares of the company’s stock after selling 3,172 shares during the period. VanEck Fallen Angel High Yield Bond ETF comprises about 0.8% of International Private Wealth Advisors LLC’s holdings, making the stock its 27th largest holding. International Private Wealth Advisors LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mosaic Family Wealth Partners LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 1.1% during the first quarter. Mosaic Family Wealth Partners LLC now owns 139,968 shares of the company’s stock valued at $4,062,000 after acquiring 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 first 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% during the second 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 during the last quarter. Heritage Oak Wealth Advisors LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the second quarter valued at $274,000. Finally, Peak Financial Advisors LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at $5,888,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of ANGL stock remained flat at $28.99 during trading hours on Thursday. 47,863 shares of the stock traded hands, compared to its average volume of 1,008,611. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.98 and a 12-month high of $29.47. The firm has a 50 day moving average price of $29.13 and a 200 day moving average price of $28.82. The stock has a market cap 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 company also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were paid 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 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.