Christensen King & Associates Investment Services Inc. Sells 1,542 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Christensen King & Associates Investment Services Inc. reduced its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 7.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,561 shares of the company’s stock after selling 1,542 shares during the quarter. Christensen King & Associates Investment Services Inc.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $605,000 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 position in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth approximately $25,000. EverSource Wealth Advisors LLC raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 138.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock worth $26,000 after acquiring an additional 522 shares during the last quarter. Gleason Group Inc. purchased a new position in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth approximately $55,000. SageView Advisory Group LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF in the 1st quarter worth approximately $92,000. Finally, Cultivar Capital Inc. purchased a new position in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth approximately $121,000.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.2 %

ANGL traded down $0.05 during mid-day trading on Tuesday, reaching $29.03. 621,737 shares of the company traded hands, compared to its average volume of 1,025,821. The stock has a market capitalization of $3.11 billion, a P/E ratio of 0.48 and a beta of 0.52. The company’s fifty day moving average price is $29.17 and its 200-day moving average price is $28.76. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.28 and a 52-week high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.1501 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

VanEck Fallen Angel High Yield Bond ETF Company 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.