Christensen King & Associates Investment Services Inc. Decreases Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Christensen King & Associates Investment Services Inc. trimmed its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 7.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,561 shares of the company’s stock after selling 1,542 shares during the quarter. Christensen King & Associates Investment Services Inc.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $605,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Triad Wealth Partners LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth about $25,000. EverSource Wealth Advisors LLC raised its position in VanEck Fallen Angel High Yield Bond ETF by 138.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock worth $26,000 after purchasing an additional 522 shares during the period. Gleason Group Inc. purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth about $55,000. SageView Advisory Group LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the 1st quarter worth about $92,000. Finally, Cultivar Capital Inc. purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth about $121,000.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.2 %

VanEck Fallen Angel High Yield Bond ETF stock traded down $0.05 during midday trading on Tuesday, reaching $29.03. The stock had a trading volume of 621,737 shares, compared to its average volume of 1,025,821. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.28 and a 52-week high of $29.47. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. The company has a fifty day moving average of $29.17 and a 200 day moving average of $28.76.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.1501 per share. The ex-dividend date was Tuesday, September 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.