Ocean Park Asset Management LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL – Free Report) in the second quarter, Holdings Channel.com reports. The firm purchased 595,100 shares of the company’s stock, valued at approximately $17,401,000. VanEck Fallen Angel High Yield Bond ETF accounts for about 0.8% of Ocean Park Asset Management LLC’s investment portfolio, making the stock its 24th largest holding.
Other hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 6.2% in the 3rd quarter. Bank of America Corp DE now owns 20,594,595 shares of the company’s stock valued at $612,277,000 after purchasing an additional 1,193,879 shares in the last quarter. Cerity Partners LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 5.1% during the fourth quarter. Cerity Partners LLC now owns 3,334,783 shares of the company’s stock worth $97,926,000 after buying an additional 163,292 shares in the last quarter. Southern Farm Bureau Life Insurance grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 110.1% during the fourth quarter. Southern Farm Bureau Life Insurance now owns 2,587,512 shares of the company’s stock worth $76,045,000 after buying an additional 1,356,065 shares in the last quarter. Morgan Stanley increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 3.4% in the fourth quarter. Morgan Stanley now owns 2,568,558 shares of the company’s stock worth $75,426,000 after buying an additional 83,928 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 21.6% in the fourth quarter. Wells Fargo & Company MN now owns 1,960,664 shares of the company’s stock worth $57,575,000 after buying an additional 348,040 shares during the last quarter.
VanEck Fallen Angel High Yield Bond ETF Price Performance
NASDAQ ANGL opened at $28.97 on Wednesday. The company’s fifty day moving average price is $29.05 and its two-hundred day moving average price is $29.14. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 59.37 and a beta of 0.42. VanEck Fallen Angel High Yield Bond ETF has a 12 month low of $28.35 and a 12 month high of $29.77.
VanEck Fallen Angel High Yield Bond ETF Cuts Dividend
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.
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