VanEck Fallen Angel High Yield Bond ETF $ANGL Shares Newly Purchased by Breakwater Capital Group

Breakwater Capital Group purchased a new stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 130,176 shares of the company’s stock, valued at approximately $3,620,000. Breakwater Capital Group owned approximately 0.12% of VanEck Fallen Angel High Yield Bond ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Meridian Financial Advisors LLC boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 4.6% in the 1st quarter. Meridian Financial Advisors LLC now owns 11,176 shares of the company’s stock valued at $321,000 after purchasing an additional 490 shares during the period. Sanctuary Advisors LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 1.4% during the 1st quarter. Sanctuary Advisors LLC now owns 41,538 shares of the company’s stock worth $1,193,000 after purchasing an additional 555 shares in the last quarter. Eagle Bay Advisors LLC increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 3.6% during the first quarter. Eagle Bay Advisors LLC now owns 16,960 shares of the company’s stock worth $487,000 after purchasing an additional 588 shares during the period. Alteri Wealth LLC increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 5.7% during the fourth quarter. Alteri Wealth LLC now owns 11,910 shares of the company’s stock worth $350,000 after purchasing an additional 639 shares during the period. Finally, Kaizen Financial Strategies raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 4.5% in the first quarter. Kaizen Financial Strategies now owns 14,766 shares of the company’s stock valued at $432,000 after buying an additional 642 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of NASDAQ:ANGL opened at $27.64 on Friday. The business’s 50 day simple moving average is $28.61 and its 200 day simple moving average is $28.89. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $27.44 and a 1 year high of $29.77. The company has a market capitalization of $3.02 billion, a P/E ratio of 59.37 and a beta of 0.44.

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 given a dividend of $0.1583 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date was Thursday, October 1st. This is a negative change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1590.

About VanEck Fallen Angel High Yield Bond ETF

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.