Carnegie Investment Counsel Sells 7,500 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Carnegie Investment Counsel trimmed its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 37.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,500 shares of the company’s stock after selling 7,500 shares during the period. Carnegie Investment Counsel’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $358,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ANGL. AE Wealth Management LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 7.9% in the 2nd quarter. AE Wealth Management LLC now owns 472,877 shares of the company’s stock valued at $13,382,000 after purchasing an additional 34,773 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 0.9% in the second quarter. 1832 Asset Management L.P. now owns 1,229,659 shares of the company’s stock worth $34,799,000 after buying an additional 10,666 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 138.8% in 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. Evergreen Capital Management LLC raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 1.7% in the second quarter. Evergreen Capital Management LLC now owns 994,173 shares of the company’s stock worth $28,135,000 after buying an additional 16,388 shares during the period. Finally, Bank of Montreal Can raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 482.2% in the second quarter. Bank of Montreal Can now owns 541,407 shares of the company’s stock worth $15,463,000 after buying an additional 448,415 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of NASDAQ ANGL opened at $28.90 on Friday. The business’s 50 day moving average price is $28.92 and its 200-day moving average price is $28.94. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.98 and a fifty-two week high of $29.47. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently declared 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.

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.