Baker Ellis Asset Management LLC Trims Stock Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Baker Ellis Asset Management LLC lessened its position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 28.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,914 shares of the company’s stock after selling 10,467 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $777,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ANGL. Redhawk Wealth Advisors Inc. purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the first quarter worth about $321,000. Simplicity Wealth LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the 1st quarter valued at about $245,000. Wealthcare Advisory Partners LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 9.2% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 608,311 shares of the company’s stock valued at $17,556,000 after acquiring an additional 51,071 shares during the period. Octavia Wealth Advisors LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 9.9% in the 1st quarter. Octavia Wealth Advisors LLC now owns 344,282 shares of the company’s stock valued at $9,936,000 after acquiring an additional 31,121 shares during the period. Finally, Outlook Wealth Advisors LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 1st quarter valued at approximately $234,000.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.0%

Shares of ANGL opened at $28.79 on Thursday. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.92 and a fifty-two week high of $29.47. The firm’s 50 day moving average price is $28.28 and its 200 day moving average price is $28.69. The company has a market cap of $2.86 billion, a P/E ratio of 59.37 and a beta of 0.44.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, June 2nd were paid a dividend of $0.1546 per share. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. This represents a $1.86 annualized dividend and a yield of 6.44%. The ex-dividend date of this dividend was Monday, June 2nd.

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.