Live Oak Investment Partners Invests $6.24 Million in VanEck Fallen Angel High Yield Bond ETF $ANGL

Live Oak Investment Partners acquired a new stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 230,474 shares of the company’s stock, valued at approximately $6,237,000. VanEck Fallen Angel High Yield Bond ETF accounts for 4.6% of Live Oak Investment Partners’ investment portfolio, making the stock its 3rd biggest holding.

Other large investors have also added to or reduced their stakes in the company. Capital Investment Advisors LLC lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 4.5% in the third quarter. Capital Investment Advisors LLC now owns 3,331,232 shares of the company’s stock valued at $99,038,000 after buying an additional 143,113 shares during the period. Cerity Partners LLC increased its stake in shares of 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 valued at $94,288,000 after acquiring an additional 124,871 shares in the last quarter. 1832 Asset Management L.P. lifted its position in shares of 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 valued at $35,887,000 after acquiring an additional 47,147 shares during the period. Ocean Park Asset Management LLC lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 14.9% during the 3rd quarter. Ocean Park Asset Management LLC now owns 1,049,200 shares of the company’s stock valued at $31,193,000 after acquiring an additional 135,800 shares during the period. Finally, Evergreen Capital Management LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 2.7% during the second quarter. Evergreen Capital Management LLC now owns 1,033,582 shares of the company’s stock worth $30,263,000 after acquiring an additional 27,409 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.0%

NASDAQ:ANGL opened at $29.57 on Friday. VanEck Fallen Angel High Yield Bond ETF has a 12 month low of $26.92 and a 12 month high of $29.75. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 59.37 and a beta of 0.44. The firm has a fifty day simple moving average of $29.42 and a two-hundred day simple moving average of $29.37.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th were issued a $0.1599 dividend. The ex-dividend date was Monday, December 29th. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. This represents a c) annualized dividend and a yield of 6.5%.

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.