Deseret Mutual Benefit Administrators Has $6.68 Million Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Deseret Mutual Benefit Administrators lowered its position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 59.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 227,194 shares of the company’s stock after selling 332,333 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF comprises 3.4% of Deseret Mutual Benefit Administrators’ investment portfolio, making the stock its 4th biggest holding. Deseret Mutual Benefit Administrators’ holdings in VanEck Fallen Angel High Yield Bond ETF were worth $6,682,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Mosaic Family Wealth Partners LLC raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 1.1% in the first quarter. Mosaic Family Wealth Partners LLC now owns 139,968 shares of the company’s stock valued at $4,062,000 after purchasing an additional 1,475 shares during the period. CreativeOne Wealth LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF during the 1st quarter worth approximately $225,000. Bank of Montreal Can increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 482.2% in the second quarter. Bank of Montreal Can now owns 541,407 shares of the company’s stock worth $15,463,000 after buying an additional 448,415 shares during the period. Heritage Oak Wealth Advisors LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter valued at about $274,000. Finally, Peak Financial Advisors LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at approximately $5,888,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of ANGL opened at $28.50 on Thursday. The firm has a market capitalization of $3.00 billion, a PE ratio of 0.48 and a beta of 0.52. The company has a 50-day simple moving average of $29.13 and a two-hundred day simple moving average of $28.79. VanEck Fallen Angel High Yield Bond ETF has a one year low of $26.98 and a one year high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company 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 dividend on an annualized basis and a yield of 6.60%.

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.