Integrated Wealth Concepts LLC Trims Stock Position in VanEck Fallen Angel High Yield Bond ETF $ANGL

Integrated Wealth Concepts LLC cut its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 55.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 349,783 shares of the company’s stock after selling 437,243 shares during the period. Integrated Wealth Concepts LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $10,228,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. IFC & Insurance Marketing Inc. purchased a new position in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter worth approximately $26,000. Parkside Financial Bank & Trust purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at $38,000. Western Wealth Management LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the first quarter valued at $49,000. Compass Financial Management LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at $82,000. Finally, Ameritas Advisory Services LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at approximately $92,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of NASDAQ:ANGL opened at $28.55 on Friday. The firm has a market capitalization of $3.01 billion, a PE ratio of 59.37 and a beta of 0.42. The firm’s 50-day moving average is $28.96 and its two-hundred day moving average is $29.04. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $28.35 and a 1 year high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were paid a dividend of $0.159 per share. The ex-dividend date was Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%.

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.