Farther Finance Advisors LLC Has $1.22 Million Stock Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Farther Finance Advisors LLC lessened its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 60.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,670 shares of the company’s stock after selling 64,740 shares during the period. Farther Finance Advisors LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $1,223,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,376,646 shares of the company’s stock worth $40,487,000 after acquiring an additional 38,164 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the fourth quarter worth $424,000. Bank of New York Mellon Corp grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 1.1% in the fourth quarter. Bank of New York Mellon Corp now owns 1,198,889 shares of the company’s stock worth $34,372,000 after acquiring an additional 13,587 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 2.8% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 32,037 shares of the company’s stock worth $919,000 after acquiring an additional 863 shares during the last quarter. Finally, Strategic Financial Concepts LLC grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 3.7% in the fourth quarter. Strategic Financial Concepts LLC now owns 21,331 shares of the company’s stock worth $612,000 after acquiring an additional 757 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.4 %

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $28.79 on Friday. The company’s fifty day simple moving average is $28.90 and its 200-day simple moving average is $29.01. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 60.80 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.98 and a 1 year high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a $0.1361 dividend. The ex-dividend date of this dividend was Monday, March 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.