VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Stake Lowered by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC cut its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 30.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,985 shares of the company’s stock after selling 24,062 shares during the quarter. Cornerstone Wealth Group LLC owned approximately 0.05% of VanEck Fallen Angel High Yield Bond ETF worth $1,617,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ANGL. Triad Wealth Partners LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the second quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 138.8% during the second quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock worth $26,000 after buying an additional 522 shares during the period. Fortitude Family Office LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the third quarter worth approximately $45,000. Gleason Group Inc. acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the second quarter worth approximately $55,000. Finally, SageView Advisory Group LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the first quarter worth approximately $92,000.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.3 %

Shares of NASDAQ ANGL opened at $28.95 on Thursday. The stock has a 50 day simple moving average of $29.17 and a 200-day simple moving average of $28.77. The company has a market cap of $3.10 billion, a PE ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.60 and a 12-month 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 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.