Richard W. Paul & Associates LLC Cuts Stock Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Richard W. Paul & Associates LLC cut its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 0.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 90,995 shares of the company’s stock after selling 419 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF accounts for 1.0% of Richard W. Paul & Associates LLC’s holdings, making the stock its 21st largest holding. Richard W. Paul & Associates LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $2,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Assetmark Inc. increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 281.2% in the third quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock valued at $40,000 after buying an additional 1,001 shares in the last quarter. Van ECK Associates Corp increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 38.1% in the fourth quarter. Van ECK Associates Corp now owns 1,414 shares of the company’s stock valued at $41,000 after buying an additional 390 shares in the last quarter. Lowe Wealth Advisors LLC increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 252.0% in the fourth quarter. Lowe Wealth Advisors LLC now owns 2,520 shares of the company’s stock valued at $72,000 after buying an additional 1,804 shares in the last quarter. Newbridge Financial Services Group Inc. increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 519.9% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,267 shares of the company’s stock valued at $94,000 after buying an additional 2,740 shares in the last quarter. Finally, Synergy Asset Management LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at approximately $108,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of NASDAQ:ANGL opened at $29.07 on Friday. The business’s 50 day moving average price is $28.87 and its 200-day moving average price is $29.02. The firm has a market capitalization of $3.01 billion, a PE ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.98 and a 1 year high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

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

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.