Arrowpoint Investment Partners Singapore Pte. Ltd. Buys Shares of 30,600 VanEck Fallen Angel High Yield Bond ETF $ANGL

Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 30,600 shares of the company’s stock, valued at approximately $910,000. VanEck Fallen Angel High Yield Bond ETF comprises 0.9% of Arrowpoint Investment Partners Singapore Pte. Ltd.’s holdings, making the stock its 28th biggest position.

Other hedge funds have also added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 19.6% in the second quarter. Newbridge Financial Services Group Inc. now owns 4,192 shares of the company’s stock valued at $123,000 after buying an additional 688 shares during the period. Darwin Wealth Management LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at approximately $129,000. Clear Creek Financial Management LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter valued at approximately $221,000. Corient Private Wealth LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter valued at approximately $229,000. Finally, RFG Advisory LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth approximately $232,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of NASDAQ ANGL opened at $28.72 on Friday. The company has a market capitalization of $3.03 billion, a P/E ratio of 59.37 and a beta of 0.44. The company’s 50 day moving average price is $29.50 and its 200-day moving average price is $29.47. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.92 and a 52-week high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.1405 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend was Monday, March 2nd.

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.