VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Shares Sold by Janney Capital Management LLC

Janney Capital Management LLC reduced its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 5.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 432,848 shares of the company’s stock after selling 26,094 shares during the quarter. Janney Capital Management LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $12,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Truist Financial Corp grew its stake in VanEck Fallen Angel High Yield Bond ETF by 0.7% in the 2nd quarter. Truist Financial Corp now owns 48,116 shares of the company’s stock valued at $1,362,000 after acquiring an additional 347 shares during the period. Jaffetilchin Investment Partners LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 1.2% in the third quarter. Jaffetilchin Investment Partners LLC now owns 28,909 shares of the company’s stock valued at $850,000 after purchasing an additional 350 shares during the period. HBW Advisory Services LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 5.3% in the fourth quarter. HBW Advisory Services LLC now owns 9,594 shares of the company’s stock valued at $275,000 after purchasing an additional 485 shares during the period. Delta Investment Management LLC increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 2.6% during the second quarter. Delta Investment Management LLC now owns 19,069 shares of the company’s stock worth $540,000 after purchasing an additional 492 shares in the last quarter. Finally, Financial Advocates Investment Management raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 4.0% during the 3rd quarter. Financial Advocates Investment Management now owns 12,870 shares of the company’s stock worth $379,000 after purchasing an additional 495 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.3 %

ANGL stock opened at $28.98 on Wednesday. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.98 and a 12-month high of $29.47. The business’s 50-day moving average is $28.91 and its 200 day moving average is $28.96. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

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

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.