Ocean Park Asset Management LLC Takes Position in VanEck Fallen Angel High Yield Bond ETF $ANGL

Ocean Park Asset Management LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 595,100 shares of the company’s stock, valued at approximately $17,401,000. VanEck Fallen Angel High Yield Bond ETF accounts for approximately 0.8% of Ocean Park Asset Management LLC’s investment portfolio, making the stock its 24th largest position. Ocean Park Asset Management LLC owned 0.56% of VanEck Fallen Angel High Yield Bond ETF as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ANGL. 1620 Investment Advisors Inc. lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 0.8% during the fourth quarter. 1620 Investment Advisors Inc. now owns 52,607 shares of the company’s stock worth $1,545,000 after purchasing an additional 436 shares in the last quarter. Meridian Financial Advisors LLC raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 4.6% during the 1st quarter. Meridian Financial Advisors LLC now owns 11,176 shares of the company’s stock valued at $321,000 after buying an additional 490 shares during the period. IFP Advisors Inc lifted its position in VanEck Fallen Angel High Yield Bond ETF by 1.8% during the 4th quarter. IFP Advisors Inc now owns 28,855 shares of the company’s stock worth $847,000 after acquiring an additional 499 shares in the last quarter. Truist Financial Corp lifted its position in VanEck Fallen Angel High Yield Bond ETF by 3.6% during the 4th quarter. Truist Financial Corp now owns 14,593 shares of the company’s stock worth $429,000 after acquiring an additional 504 shares in the last quarter. Finally, Perissos Private Wealth Management LLC lifted its position in VanEck Fallen Angel High Yield Bond ETF by 0.9% during the 3rd quarter. Perissos Private Wealth Management LLC now owns 62,637 shares of the company’s stock worth $1,862,000 after acquiring an additional 542 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.0%

NASDAQ ANGL opened at $28.97 on Wednesday. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $28.35 and a fifty-two week high of $29.77. The business has a 50 day moving average price of $29.05 and a two-hundred day moving average price of $29.14. The stock has a market cap of $3.05 billion, a PE ratio of 59.37 and a beta of 0.42.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were paid a $0.1684 dividend. The ex-dividend date was Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 7.0%.

VanEck Fallen Angel High Yield Bond ETF 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.