VanEck Fallen Angel High Yield Bond ETF $ANGL Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 81.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,956 shares of the company’s stock after selling 230,653 shares during the quarter. Thrivent Financial for Lutherans’ holdings in VanEck Fallen Angel High Yield Bond ETF were worth $1,545,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Tidal Investments LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at approximately $8,244,000. Live Oak Investment Partners acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at $6,237,000. Capital Investment Advisors LLC increased its stake in VanEck Fallen Angel High Yield Bond ETF by 4.5% in the 3rd quarter. Capital Investment Advisors LLC now owns 3,331,232 shares of the company’s stock valued at $99,038,000 after buying an additional 143,113 shares during the period. Ocean Park Asset Management LLC raised its position in VanEck Fallen Angel High Yield Bond ETF by 14.9% during the 3rd quarter. Ocean Park Asset Management LLC now owns 1,049,200 shares of the company’s stock worth $31,193,000 after buying an additional 135,800 shares during the last quarter. Finally, Hershey Financial Advisers LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth $3,962,000.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.1%

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $29.66 on Friday. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.92 and a 52-week high of $29.75. The company’s 50-day simple moving average is $29.50 and its 200-day simple moving average is $29.43. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 59.37 and a beta of 0.44.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a dividend of $0.1591 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 6.4%.

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.