Etesian Wealth Advisors Inc. Reduces Holdings in VanEck Fallen Angel High Yield Bond ETF $ANGL

Etesian Wealth Advisors Inc. decreased its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 11.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,038 shares of the company’s stock after selling 2,093 shares during the period. Etesian Wealth Advisors Inc.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $470,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ANGL. Elevation Capital Advisory LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 1st quarter valued at approximately $9,452,000. Integrity Alliance LLC. purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 1st quarter worth approximately $8,553,000. ACT Advisors LLC. purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter worth approximately $7,543,000. Scotia Capital Inc. boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 40.7% during the 1st quarter. Scotia Capital Inc. now owns 884,839 shares of the company’s stock worth $25,536,000 after purchasing an additional 255,745 shares during the period. Finally, National Bank of Canada FI purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 1st quarter worth approximately $6,387,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

NASDAQ:ANGL opened at $29.44 on Friday. The stock has a market capitalization of $3.12 billion, a P/E ratio of 59.37 and a beta of 0.52. The company has a 50 day moving average price of $29.41 and a 200 day moving average price of $28.89. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.92 and a fifty-two week high of $29.75.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were given a dividend of $0.1465 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%.

VanEck Fallen Angel High Yield Bond ETF Company 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.