TFG Advisers LLC Sells 737 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

TFG Advisers LLC decreased its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,312 shares of the company’s stock after selling 737 shares during the period. TFG Advisers LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $980,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its position in VanEck Fallen Angel High Yield Bond ETF by 2.8% in the third quarter. Private Advisor Group LLC now owns 19,972 shares of the company’s stock worth $587,000 after buying an additional 536 shares during the last quarter. Symphony Financial Ltd. Co. boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 2.0% during the third quarter. Symphony Financial Ltd. Co. now owns 288,115 shares of the company’s stock worth $8,476,000 after buying an additional 5,688 shares during the period. Foundations Investment Advisors LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 18.4% during the third quarter. Foundations Investment Advisors LLC now owns 13,594 shares of the company’s stock worth $400,000 after buying an additional 2,117 shares during the period. Stewardship Advisors LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF during the third quarter worth $3,053,000. Finally, Retirement Guys Formula LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 0.9% during the third quarter. Retirement Guys Formula LLC now owns 54,649 shares of the company’s stock worth $1,607,000 after buying an additional 510 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

NASDAQ ANGL traded down $0.06 on Wednesday, hitting $28.99. 48,736 shares of the stock were exchanged, compared to its average volume of 1,022,678. The stock has a fifty day moving average price of $29.17 and a two-hundred day moving average price of $28.76. The firm has a market capitalization of $3.10 billion, a P/E ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.40 and a 52-week high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.1501 per share. The ex-dividend date was Tuesday, September 3rd.

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.