LPL Financial LLC Sells 136,693 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL

LPL Financial LLC lessened its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 3.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,389,699 shares of the company’s stock after selling 136,693 shares during the quarter. LPL Financial LLC owned 4.16% of VanEck Fallen Angel High Yield Bond ETF worth $128,903,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of ANGL. Southern Farm Bureau Life Insurance lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 110.1% during the 4th quarter. Southern Farm Bureau Life Insurance now owns 2,587,512 shares of the company’s stock worth $76,045,000 after buying an additional 1,356,065 shares during the period. Bank of America Corp DE lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 6.2% during the 3rd quarter. Bank of America Corp DE now owns 20,594,595 shares of the company’s stock worth $612,277,000 after buying an additional 1,193,879 shares during the period. Integrated Wealth Concepts LLC lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 91.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 738,558 shares of the company’s stock worth $21,957,000 after buying an additional 352,445 shares during the period. Elevation Capital Advisory LLC lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 973.2% during the 4th quarter. Elevation Capital Advisory LLC now owns 368,570 shares of the company’s stock worth $10,823,000 after buying an additional 334,227 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 997,627.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 329,250 shares of the company’s stock worth $9,789,000 after buying an additional 329,217 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of ANGL opened at $28.92 on Thursday. The stock has a fifty day moving average price of $29.08 and a two-hundred day moving average price of $29.27. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $28.35 and a 52-week high of $29.77. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 59.37 and a beta of 0.43.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were given a $0.1535 dividend. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a yield of 6.4%.

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.