VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 4.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,141,236 shares of the company’s stock after selling 57,653 shares during the period. Bank of New York Mellon Corp’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $32,936,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 1,856.5% in the 4th quarter. BNP Paribas Financial Markets now owns 900 shares of the company’s stock worth $26,000 after buying an additional 854 shares during the last quarter. Biltmore Family Office LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 593.3% in the 4th quarter. Biltmore Family Office LLC now owns 936 shares of the company’s stock worth $27,000 after acquiring an additional 801 shares in the last quarter. Transce3nd LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF during the 4th quarter valued at approximately $46,000. Howe & Rusling Inc. bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the 4th quarter valued at $56,000. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter worth $84,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of NASDAQ ANGL opened at $28.96 on Wednesday. VanEck Fallen Angel High Yield Bond ETF has a one year low of $26.92 and a one year high of $29.47. The business’s 50-day moving average price is $28.78 and its two-hundred day moving average price is $28.69. The company has a market capitalization of $2.93 billion, a P/E ratio of 59.37 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, July 7th. Stockholders of record on Tuesday, July 1st were paid a $0.1442 dividend. The ex-dividend date was Tuesday, July 1st. This represents a $1.73 annualized dividend and a dividend yield of 5.98%.

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.