Breakwater Capital Group Buys New Holdings in VanEck Fallen Angel High Yield Bond ETF $ANGL

Breakwater Capital Group purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 130,176 shares of the company’s stock, valued at approximately $3,620,000.

Several other large investors have also made changes to their positions in ANGL. Kensington Asset Management LLC increased its stake in VanEck Fallen Angel High Yield Bond ETF by 2.2% in the fourth quarter. Kensington Asset Management LLC now owns 1,394,430 shares of the company’s stock valued at $40,968,000 after acquiring an additional 30,560 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 2.8% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 708,131 shares of the company’s stock valued at $20,706,000 after purchasing an additional 19,295 shares in the last quarter. Howard Financial Services LTD. boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 3.2% in the 2nd quarter. Howard Financial Services LTD. now owns 690,639 shares of the company’s stock valued at $20,194,000 after purchasing an additional 21,463 shares in the last quarter. Ocean Park Asset Management LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at $17,401,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 12.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 587,488 shares of the company’s stock valued at $17,178,000 after purchasing an additional 66,478 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

NASDAQ:ANGL opened at $27.64 on Friday. The stock’s 50-day simple moving average is $28.61 and its 200 day simple moving average is $28.89. The firm has a market capitalization of $3.02 billion, a PE ratio of 59.37 and a beta of 0.44. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $27.44 and a twelve month high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a $0.1583 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 6.9%. This is a decrease from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1590. The ex-dividend date of this dividend was Thursday, October 1st.

VanEck Fallen Angel High Yield Bond ETF Company 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.