Sound Income Strategies LLC Has $98,000 Stock Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Sound Income Strategies LLC reduced its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL – Get Rating) by 97.1% during the 4th quarter, Holdings Channel reports. The firm owned 3,641 shares of the company’s stock after selling 123,450 shares during the period. Sound Income Strategies LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $98,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Pensionmark Financial Group LLC lifted its holdings in VanEck Fallen Angel High Yield Bond ETF by 3.0% during the third quarter. Pensionmark Financial Group LLC now owns 12,817 shares of the company’s stock worth $336,000 after acquiring an additional 377 shares in the last quarter. Mutual Advisors LLC raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 1.4% during the second quarter. Mutual Advisors LLC now owns 29,322 shares of the company’s stock worth $792,000 after purchasing an additional 417 shares during the period. Stiles Financial Services Inc lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 5.7% during the 3rd quarter. Stiles Financial Services Inc now owns 8,483 shares of the company’s stock valued at $406,000 after purchasing an additional 459 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 8.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 6,528 shares of the company’s stock valued at $171,000 after purchasing an additional 488 shares during the period. Finally, Capstone Triton Financial Group LLC increased its stake in VanEck Fallen Angel High Yield Bond ETF by 0.3% during the 3rd quarter. Capstone Triton Financial Group LLC now owns 204,601 shares of the company’s stock worth $5,367,000 after purchasing an additional 530 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of ANGL stock opened at $27.22 on Friday. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $25.75 and a 52 week high of $30.58. The company’s 50 day moving average price is $27.38 and its two-hundred day moving average price is $27.55. The company has a market capitalization of $2.71 billion, a P/E ratio of 59.99 and a beta of 0.51.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, March 7th. Investors of record on Thursday, March 2nd were issued a dividend of $0.102 per share. The ex-dividend date was Wednesday, March 1st. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.50%.

VanEck Fallen Angel High Yield Bond ETF Profile

(Get Rating)

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.