Mercer Global Advisors Inc. ADV Sells 6,873 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Mercer Global Advisors Inc. ADV decreased its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL – Get Rating) by 23.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,164 shares of the company’s stock after selling 6,873 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $599,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Sound Financial Strategies Group LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at $75,283,000. Flow Traders U.S. LLC grew its position in VanEck Fallen Angel High Yield Bond ETF by 574.2% in the third quarter. Flow Traders U.S. LLC now owns 1,385,067 shares of the company’s stock valued at $36,330,000 after purchasing an additional 1,179,614 shares in the last quarter. 1832 Asset Management L.P. bought a new position in VanEck Fallen Angel High Yield Bond ETF in the first quarter valued at $29,769,000. Thrivent Financial for Lutherans bought a new position in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at $15,458,000. Finally, ACT Advisors LLC. bought a new position in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at $14,827,000.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.0 %

VanEck Fallen Angel High Yield Bond ETF stock opened at $27.22 on Monday. The company has a market cap of $2.74 billion, a P/E ratio of 59.99 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $25.75 and a 1-year high of $29.38. The company has a fifty day simple moving average of $27.68 and a 200 day simple moving average of $27.60.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, May 5th. Stockholders of record on Tuesday, May 2nd were given a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date was Monday, May 1st.

VanEck Fallen Angel High Yield Bond ETF Profile

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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.