Breakwater Capital Group Acquires 56,906 Shares of VanEck Fallen Angel High Yield Bond ETF $ANGL

Breakwater Capital Group lifted its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 86.8% in the 2nd quarter, Holdings Channel reports. The firm owned 122,499 shares of the company’s stock after buying an additional 56,906 shares during the quarter. Breakwater Capital Group’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $3,582,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ANGL. Bank of America Corp DE raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 6.2% during 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 in the last quarter. Cerity Partners LLC boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 5.1% during the 4th quarter. Cerity Partners LLC now owns 3,334,783 shares of the company’s stock worth $97,926,000 after acquiring an additional 163,292 shares in the last quarter. Southern Farm Bureau Life Insurance boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 110.1% during the 4th quarter. Southern Farm Bureau Life Insurance now owns 2,587,512 shares of the company’s stock worth $76,045,000 after acquiring an additional 1,356,065 shares in the last quarter. Morgan Stanley increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 3.4% during the 4th quarter. Morgan Stanley now owns 2,568,558 shares of the company’s stock valued at $75,426,000 after acquiring an additional 83,928 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 21.6% during the 4th quarter. Wells Fargo & Company MN now owns 1,960,664 shares of the company’s stock valued at $57,575,000 after acquiring an additional 348,040 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of ANGL stock opened at $29.02 on Friday. The stock’s 50 day simple moving average is $29.05 and its 200 day simple moving average is $29.16. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $28.35 and a twelve month high of $29.77. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 59.37 and a beta of 0.42.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

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

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.