Integrated Wealth Concepts LLC Decreases Stock Holdings in VanEck Fallen Angel High Yield Bond ETF $ANGL

Integrated Wealth Concepts LLC reduced its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 55.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 349,783 shares of the company’s stock after selling 437,243 shares during the period. Integrated Wealth Concepts LLC owned 0.33% of VanEck Fallen Angel High Yield Bond ETF worth $10,228,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. IFC & Insurance Marketing Inc. acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at approximately $26,000. Parkside Financial Bank & Trust acquired a new position in VanEck Fallen Angel High Yield Bond ETF during the second quarter worth $38,000. Western Wealth Management LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF during the first quarter worth $49,000. Compass Financial Management LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at $82,000. Finally, Ameritas Advisory Services LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at $92,000.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.6%

Shares of ANGL opened at $28.55 on Friday. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $28.35 and a 52-week high of $29.77. The stock has a fifty day simple moving average of $28.96 and a two-hundred day simple moving average of $29.04. The company has a market capitalization of $3.01 billion, a PE ratio of 59.37 and a beta of 0.42.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were issued a $0.159 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%.

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.