Farther Finance Advisors LLC Has $1.22 Million Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Farther Finance Advisors LLC lowered its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 60.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 42,670 shares of the company’s stock after selling 64,740 shares during the quarter. Farther Finance Advisors LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $1,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,376,646 shares of the company’s stock valued at $40,487,000 after acquiring an additional 38,164 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the fourth quarter valued at $424,000. Bank of New York Mellon Corp lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,198,889 shares of the company’s stock valued at $34,372,000 after acquiring an additional 13,587 shares during the period. Ashton Thomas Private Wealth LLC lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 2.8% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 32,037 shares of the company’s stock valued at $919,000 after acquiring an additional 863 shares during the period. Finally, Strategic Financial Concepts LLC lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 3.7% during the fourth quarter. Strategic Financial Concepts LLC now owns 21,331 shares of the company’s stock valued at $612,000 after acquiring an additional 757 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of NASDAQ ANGL opened at $28.79 on Friday. The stock has a market cap of $2.98 billion, a PE ratio of 60.80 and a beta of 0.52. The business has a fifty day moving average of $28.90 and a two-hundred day moving average of $29.01. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.98 and a 52-week high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a dividend of $0.1361 per share. The ex-dividend date was Monday, March 3rd.

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.