Sanctuary Advisors LLC Sells 1,588 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Sanctuary Advisors LLC lowered its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 1.7% during the third quarter, HoldingsChannel.com reports. The fund owned 89,810 shares of the company’s stock after selling 1,588 shares during the period. Sanctuary Advisors LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $2,603,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its stake in VanEck Fallen Angel High Yield Bond ETF by 138.8% during the second quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock worth $26,000 after buying an additional 522 shares during the last quarter. Assetmark Inc. grew its stake 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 buying an additional 1,001 shares during the last quarter. Fortitude Family Office LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the third quarter worth about $45,000. Cultivar Capital Inc. bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the second quarter worth about $121,000. Finally, Great Valley Advisor Group Inc. grew its stake in VanEck Fallen Angel High Yield Bond ETF by 6.5% during the third quarter. Great Valley Advisor Group Inc. now owns 8,826 shares of the company’s stock worth $260,000 after buying an additional 540 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.1 %

Shares of ANGL stock opened at $29.06 on Wednesday. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.98 and a 1 year high of $29.47. The firm’s 50 day moving average is $29.06 and its 200-day moving average is $28.91. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a $0.1568 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.88 annualized dividend and a yield of 6.47%.

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.