Fifth Third Securities Inc. Has $2.17 Million Holdings in VanEck Fallen Angel High Yield Bond ETF $ANGL

Key Takeaways:

• Fifth Third Securities Inc. reduced its VanEck Fallen Angel ETF stake by 19.4%.
• The firm sold 17,783 shares during the second quarter.
• It now owns 74,048 shares, according to an SEC filing.
• The value of this remaining stake is approximately $2.17 million.

A Notable Reduction

Fifth Third Securities Inc. recently trimmed its position in the VanEck Fallen Angel High Yield Bond ETF (NASDAQ: ANGL), selling 17,783 shares over the second quarter. This move represents a 19.4% reduction in the firm’s holdings.

Remaining Shares and Value

Following this transaction, the institutional investor reports ownership of 74,048 shares, with an estimated total value of $2.17 million, based on figures from the same filing. The information comes directly from a disclosure submitted to the Securities & Exchange Commission (SEC).

Overview of the Transaction

Below is a concise overview of the shares Fifth Third Securities Inc. sold and the stake that remains in its portfolio:

Transaction Details
| Activity | Percentage Sold | Shares Sold | Final Shares | Approximate Value | |—————-|—————–|————|————-|——————-| | Second Quarter | 19.4% | 17,783 | 74,048 | $2.17 million |

Focus on Fallen Angel Bonds

VanEck’s Fallen Angel High Yield Bond ETF is designed to track high-yield bonds previously rated as investment-grade. Although detailed fund specifics were not provided in the disclosure, the pivotal update stems from the SEC filing indicating changes in institutional ownership.

Conclusion of the Filing

The report underscores a strategic adjustment by Fifth Third Securities Inc., reflecting its latest approach to high-yield holdings. With the holdings now at 74,048 shares, the firm continues to maintain a presence in VanEck’s fallen angel bond fund—albeit on a reduced scale.