Melone Private Wealth LLC Sells 43,815 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Melone Private Wealth LLC lessened its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 17.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 205,119 shares of the company’s stock after selling 43,815 shares during the period. VanEck Fallen Angel High Yield Bond ETF makes up approximately 3.0% of Melone Private Wealth LLC’s portfolio, making the stock its 10th biggest holding. Melone Private Wealth LLC owned 0.19% of VanEck Fallen Angel High Yield Bond ETF worth $5,881,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ANGL. Hill Island Financial LLC grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 11.1% in the second quarter. Hill Island Financial LLC now owns 12,191 shares of the company’s stock valued at $345,000 after purchasing an additional 1,220 shares during the last quarter. WCG Wealth Advisors LLC grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 47.1% in the second quarter. WCG Wealth Advisors LLC now owns 24,514 shares of the company’s stock valued at $694,000 after purchasing an additional 7,850 shares during the last quarter. AE Wealth Management LLC grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 7.9% in the second quarter. AE Wealth Management LLC now owns 472,877 shares of the company’s stock valued at $13,382,000 after purchasing an additional 34,773 shares during the last quarter. 1832 Asset Management L.P. grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 0.9% in the second quarter. 1832 Asset Management L.P. now owns 1,229,659 shares of the company’s stock valued at $34,799,000 after purchasing an additional 10,666 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 138.8% in the second quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock valued at $26,000 after purchasing an additional 522 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

VanEck Fallen Angel High Yield Bond ETF stock opened at $28.57 on Wednesday. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.98 and a fifty-two week high of $29.47. The stock’s fifty day moving average is $28.93 and its two-hundred day moving average is $28.94.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 27th were issued a $0.1564 dividend. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15. The ex-dividend date was Friday, December 27th.

About VanEck Fallen Angel High Yield Bond ETF

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.