Thrivent Financial for Lutherans Cuts Stock Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Thrivent Financial for Lutherans lowered its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 15.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 179,704 shares of the company’s stock after selling 34,000 shares during the period. Thrivent Financial for Lutherans owned approximately 0.17% of VanEck Fallen Angel High Yield Bond ETF worth $5,285,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of 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 increased its stake 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. Assetmark Inc. raised its holdings in 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 buying an additional 1,001 shares during the last quarter. Fortitude Family Office LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter valued at $45,000. Finally, Gleason Group Inc. bought a new stake in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth $55,000.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.1 %

Shares of NASDAQ:ANGL opened at $28.98 on Friday. The company has a 50-day moving average price of $29.10 and a 200-day moving average price of $28.85. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 12 month low of $26.98 and a 12 month high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a $0.1568 dividend. This represents a $1.88 annualized dividend and a yield of 6.49%. The ex-dividend date was Friday, November 1st.

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.