Denver PWM LLC Sells 10,237 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Denver PWM LLC decreased its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 12.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,901 shares of the company’s stock after selling 10,237 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF comprises 0.8% of Denver PWM LLC’s investment portfolio, making the stock its 25th largest holding. Denver PWM LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $2,119,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Assetmark Inc. boosted its position in VanEck Fallen Angel High Yield Bond ETF by 281.2% during the third quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock worth $40,000 after purchasing an additional 1,001 shares during the period. Van ECK Associates Corp boosted its position in VanEck Fallen Angel High Yield Bond ETF by 38.1% during the fourth quarter. Van ECK Associates Corp now owns 1,414 shares of the company’s stock worth $41,000 after purchasing an additional 390 shares during the period. Fortitude Family Office LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the third quarter worth approximately $45,000. Lowe Wealth Advisors LLC boosted its position in VanEck Fallen Angel High Yield Bond ETF by 252.0% during the fourth quarter. Lowe Wealth Advisors LLC now owns 2,520 shares of the company’s stock worth $72,000 after purchasing an additional 1,804 shares during the period. Finally, Newbridge Financial Services Group Inc. boosted its position in VanEck Fallen Angel High Yield Bond ETF by 519.9% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,267 shares of the company’s stock worth $94,000 after purchasing an additional 2,740 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.3 %

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $28.89 on Friday. The stock has a market capitalization of $2.99 billion, a P/E ratio of 0.48 and a beta of 0.52. The stock has a 50 day moving average price of $28.85 and a two-hundred day moving average price of $29.01. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.98 and a 12-month high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.1563 per share. The ex-dividend date of this dividend was Monday, February 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.