Cetera Investment Advisers Reduces Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Cetera Investment Advisers cut its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 7.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 479,509 shares of the company’s stock after selling 37,234 shares during the period. Cetera Investment Advisers’ holdings in VanEck Fallen Angel High Yield Bond ETF were worth $13,570,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ANGL. Triad Wealth Partners LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at $25,000. EverSource Wealth Advisors LLC boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 138.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock worth $26,000 after purchasing an additional 522 shares during the period. Pineridge Advisors LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the 4th quarter valued at approximately $50,000. Gleason Group Inc. purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at approximately $55,000. Finally, SageView Advisory Group LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF during the first quarter worth $92,000.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.1 %

ANGL opened at $29.14 on Friday. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $26.28 and a 52 week high of $29.47. The business has a fifty day simple moving average of $29.07 and a 200-day simple moving average of $28.74. The firm has a market cap of $3.12 billion, a P/E ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were given a $0.1501 dividend. The ex-dividend date was Tuesday, September 3rd.

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.