Axxcess Wealth Management LLC Sells 24,546 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Axxcess Wealth Management LLC trimmed its position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 75.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,822 shares of the company’s stock after selling 24,546 shares during the period. Axxcess Wealth Management LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $227,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ANGL. State of Tennessee Treasury Department increased its stake in VanEck Fallen Angel High Yield Bond ETF by 61.9% during the fourth quarter. State of Tennessee Treasury Department now owns 3,933,600 shares of the company’s stock valued at $113,209,000 after acquiring an additional 1,504,000 shares during the period. Morningstar Investment Services LLC grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 98.6% in the 4th quarter. Morningstar Investment Services LLC now owns 1,732,443 shares of the company’s stock valued at $49,964,000 after purchasing an additional 860,132 shares during the period. Wilbanks Smith & Thomas Asset Management LLC grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 562.1% in the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 661,041 shares of the company’s stock valued at $19,025,000 after purchasing an additional 561,195 shares during the period. ACT Advisors LLC. bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter valued at approximately $16,135,000. Finally, 1832 Asset Management L.P. grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 33.6% in the 4th quarter. 1832 Asset Management L.P. now owns 1,221,400 shares of the company’s stock valued at $35,152,000 after purchasing an additional 307,509 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.3 %

ANGL stock opened at $28.69 on Friday. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $26.28 and a 1-year high of $29.21. The firm has a market cap of $3.03 billion, a P/E ratio of 0.48 and a beta of 0.52. The business’s 50 day moving average is $28.54 and its 200-day moving average is $28.66.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, July 1st were issued a $0.1507 dividend. The ex-dividend date was Monday, July 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.