Denver PWM LLC Sells 2,461 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Denver PWM LLC trimmed its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 2.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 84,138 shares of the company’s stock after selling 2,461 shares during the period. VanEck Fallen Angel High Yield Bond ETF makes up 0.9% of Denver PWM LLC’s investment portfolio, making the stock its 21st largest holding. Denver PWM LLC owned about 0.08% of VanEck Fallen Angel High Yield Bond ETF worth $2,475,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Triad Wealth Partners LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at $25,000. EverSource Wealth Advisors LLC increased its position in VanEck Fallen Angel High Yield Bond ETF by 138.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock valued at $26,000 after buying an additional 522 shares in the last quarter. Assetmark Inc. raised its stake in VanEck Fallen Angel High Yield Bond ETF by 281.2% during the 3rd quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock worth $40,000 after buying an additional 1,001 shares during the period. Fortitude Family Office LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF in the third quarter worth approximately $45,000. Finally, Cultivar Capital Inc. acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at approximately $121,000.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.3 %

Shares of NASDAQ:ANGL opened at $29.12 on Friday. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $26.98 and a twelve month high of $29.47. The stock’s 50 day moving average is $29.06 and its 200-day moving average is $28.90. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were paid a $0.1568 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.46%. The ex-dividend date 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.