VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 16.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 329,753 shares of the company’s stock after selling 66,399 shares during the quarter. JPMorgan Chase & Co.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $9,698,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ANGL. LPL Financial LLC lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 7.0% during the third quarter. LPL Financial LLC now owns 3,772,806 shares of the company’s stock worth $110,958,000 after purchasing an additional 246,899 shares during the last quarter. Cerity Partners LLC raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 2.6% during the third quarter. Cerity Partners LLC now owns 2,802,413 shares of the company’s stock worth $82,419,000 after purchasing an additional 70,163 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,376,646 shares of the company’s stock worth $40,487,000 after buying an additional 38,164 shares during the last quarter. 1832 Asset Management L.P. boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 0.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,229,659 shares of the company’s stock valued at $34,799,000 after buying an additional 10,666 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 1.7% in the 2nd quarter. Evergreen Capital Management LLC now owns 994,173 shares of the company’s stock valued at $28,135,000 after buying an additional 16,388 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of ANGL opened at $28.55 on Tuesday. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $26.98 and a 1-year high of $29.47. The stock has a market cap of $3.01 billion, a PE ratio of 0.48 and a beta of 0.52. The firm has a fifty day moving average price of $28.93 and a 200 day moving average price of $28.94.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 27th were issued a $0.1564 dividend. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15. The ex-dividend date was Friday, December 27th.

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.