Denver PWM LLC Has $2.12 Million Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Denver PWM LLC lessened its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 12.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,901 shares of the company’s stock after selling 10,237 shares during the period. VanEck Fallen Angel High Yield Bond ETF comprises 0.8% of Denver PWM LLC’s investment portfolio, making the stock its 25th largest holding. Denver PWM LLC owned about 0.07% of VanEck Fallen Angel High Yield Bond ETF worth $2,119,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Assetmark Inc. grew its stake in VanEck Fallen Angel High Yield Bond ETF by 281.2% during the 3rd quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock valued at $40,000 after acquiring an additional 1,001 shares in the last quarter. Van ECK Associates Corp grew its stake in VanEck Fallen Angel High Yield Bond ETF by 38.1% during the 4th quarter. Van ECK Associates Corp now owns 1,414 shares of the company’s stock valued at $41,000 after acquiring an additional 390 shares in the last quarter. Fortitude Family Office LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter valued at about $45,000. Lowe Wealth Advisors LLC grew its stake in VanEck Fallen Angel High Yield Bond ETF by 252.0% during the 4th quarter. Lowe Wealth Advisors LLC now owns 2,520 shares of the company’s stock valued at $72,000 after acquiring an additional 1,804 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. grew its stake in VanEck Fallen Angel High Yield Bond ETF by 519.9% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,267 shares of the company’s stock valued at $94,000 after acquiring an additional 2,740 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

NASDAQ:ANGL opened at $28.89 on Friday. The stock has a market cap of $2.99 billion, a PE ratio of 0.48 and a beta of 0.52. The stock’s 50-day moving average is $28.85 and its two-hundred day moving average is $29.01. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.98 and a fifty-two week 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. Investors of record on Monday, February 3rd were paid a $0.1563 dividend. The ex-dividend date was Monday, February 3rd.

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.