Horizon Investments LLC Sells 1,186 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Horizon Investments LLC trimmed its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 0.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,020,246 shares of the company’s stock after selling 1,186 shares during the period. VanEck Fallen Angel High Yield Bond ETF makes up 0.8% of Horizon Investments LLC’s investment portfolio, making the stock its 16th biggest holding. Horizon Investments LLC owned approximately 0.99% of VanEck Fallen Angel High Yield Bond ETF worth $29,097,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of ANGL. Assetmark Inc. increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 281.2% during the third 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 period. Van ECK Associates Corp increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 38.1% during the 4th quarter. Van ECK Associates Corp now owns 1,414 shares of the company’s stock worth $41,000 after acquiring an additional 390 shares during the period. Lowe Wealth Advisors LLC lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 252.0% in the 4th quarter. Lowe Wealth Advisors LLC now owns 2,520 shares of the company’s stock worth $72,000 after purchasing an additional 1,804 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 519.9% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,267 shares of the company’s stock valued at $94,000 after purchasing an additional 2,740 shares during the period. Finally, Synergy Asset Management LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 4th quarter valued at $108,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

VanEck Fallen Angel High Yield Bond ETF stock opened at $28.92 on Tuesday. 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 stock has a market cap of $2.99 billion, a P/E ratio of 60.80 and a beta of 0.52. The firm’s fifty day moving average price is $28.91 and its 200-day moving average price is $29.00.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a $0.1361 dividend. The ex-dividend date was Monday, March 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.