Citigroup Inc. Buys 45,694 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Citigroup Inc. lifted its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 34.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 177,132 shares of the company’s stock after acquiring an additional 45,694 shares during the quarter. Citigroup Inc.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $5,209,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Triad Wealth Partners LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the second quarter valued at $25,000. EverSource Wealth Advisors LLC grew its stake 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 valued at $26,000 after purchasing an additional 522 shares during the period. Assetmark Inc. grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 281.2% during the 3rd quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock valued at $40,000 after purchasing an additional 1,001 shares during the period. Fortitude Family Office LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter valued at about $45,000. Finally, Gleason Group Inc. bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth approximately $55,000.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.0 %

Shares of NASDAQ ANGL opened at $29.12 on Tuesday. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.98 and a 12-month high of $29.47. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. The firm has a 50 day moving average of $29.09 and a 200 day moving average of $28.87.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were given a dividend of $0.1568 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.46%. The ex-dividend date of this dividend was Friday, November 1st.

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.