Baker Ellis Asset Management LLC Sells 11,313 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Baker Ellis Asset Management LLC trimmed its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGLFree Report) by 23.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,537 shares of the company’s stock after selling 11,313 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $1,052,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wright Fund Management LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at $27,539,000. 1832 Asset Management L.P. bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 1st quarter valued at about $29,769,000. Bank of New York Mellon Corp bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at about $26,364,000. State of Tennessee Treasury Department grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 38.5% in the 2nd quarter. State of Tennessee Treasury Department now owns 3,269,600 shares of the company’s stock valued at $90,797,000 after buying an additional 909,584 shares during the last quarter. Finally, Lido Advisors LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 1st quarter valued at about $21,428,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $28.75 on Thursday. VanEck Fallen Angel High Yield Bond ETF has a one year low of $26.28 and a one year high of $29.21. The stock’s 50-day moving average is $28.83 and its 200 day moving average is $28.16. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 59.99 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, April 5th. Investors of record on Tuesday, April 2nd will be given a dividend of $0.152 per share. The ex-dividend date of this dividend is Monday, April 1st. This represents a $1.82 annualized dividend and a dividend yield of 6.34%.

VanEck Fallen Angel High Yield Bond ETF Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

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