Sanctuary Advisors LLC Sells 1,588 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Sanctuary Advisors LLC lowered its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,810 shares of the company’s stock after selling 1,588 shares during the quarter. Sanctuary Advisors LLC owned about 0.09% of VanEck Fallen Angel High Yield Bond ETF worth $2,603,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings 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 in the last quarter. Assetmark Inc. raised its holdings 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 in the last quarter. Fortitude Family Office LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter valued at $45,000. Cultivar Capital Inc. bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter valued at $121,000. Finally, Great Valley Advisor Group Inc. raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 6.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 8,826 shares of the company’s stock worth $260,000 after acquiring an additional 540 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of ANGL opened at $29.06 on Wednesday. The company has a market capitalization of $3.06 billion, a PE ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a one year low of $26.98 and a one year high of $29.47. The company’s fifty day moving average price is $29.06 and its 200 day moving average price is $28.91.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a $0.1568 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.88 annualized dividend and a yield of 6.47%.

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.