Avior Wealth Management LLC Decreases Stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Avior Wealth Management LLC decreased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 15.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 74,833 shares of the company’s stock after selling 13,374 shares during the quarter. Avior Wealth Management LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $2,201,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Mosaic Family Wealth Partners LLC boosted its stake in 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 worth $4,062,000 after buying an additional 1,475 shares during the last quarter. CreativeOne Wealth LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 1st quarter valued at about $225,000. Bank of Montreal Can boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 482.2% during 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 during the last quarter. Heritage Oak Wealth Advisors LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at about $274,000. Finally, Peak Financial Advisors LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the third quarter worth about $5,888,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

NASDAQ:ANGL opened at $29.00 on Wednesday. The company’s 50-day moving average is $29.12 and its two-hundred day moving average is $28.84. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $26.98 and a 1-year high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

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

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.