Ocean Park Asset Management LLC Sells 237,100 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL

Ocean Park Asset Management LLC cut its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 22.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 812,100 shares of the company’s stock after selling 237,100 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF makes up about 1.1% of Ocean Park Asset Management LLC’s holdings, making the stock its 20th largest holding. Ocean Park Asset Management LLC’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $23,847,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Bank of America Corp DE boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 6.2% in the third quarter. Bank of America Corp DE now owns 20,594,595 shares of the company’s stock valued at $612,277,000 after buying an additional 1,193,879 shares during the period. Capital Investment Advisors LLC lifted its position in VanEck Fallen Angel High Yield Bond ETF by 9.8% in the 4th quarter. Capital Investment Advisors LLC now owns 3,657,979 shares of the company’s stock valued at $107,417,000 after acquiring an additional 326,747 shares in the last quarter. Cerity Partners LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 4.1% in the 3rd quarter. Cerity Partners LLC now owns 3,171,491 shares of the company’s stock worth $94,288,000 after purchasing an additional 124,871 shares during the period. 1832 Asset Management L.P. increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 4.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,225,643 shares of the company’s stock worth $35,887,000 after purchasing an additional 47,147 shares in the last quarter. Finally, Evergreen Capital Management LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 2.7% in the 2nd quarter. Evergreen Capital Management LLC now owns 1,033,582 shares of the company’s stock valued at $30,263,000 after purchasing an additional 27,409 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Price Performance

ANGL stock opened at $28.41 on Monday. The stock has a market capitalization of $3.00 billion, a P/E ratio of 59.37 and a beta of 0.44. The business has a 50-day moving average of $29.32 and a 200-day moving average of $29.42. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.92 and a fifty-two week high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.1405 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 5.9%.

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.