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1h ago

Ocean Park Trims ANGL Stake in Q4, Retains $23.85 Million Holding

The move signals a continued tilt toward high-yield credit ETFs.

Overview

  • Ocean Park sold 237,100 shares of the VanEck Fallen Angel High Yield Bond ETF during the quarter, an estimated $6.98 million based on average pricing.
  • The firm ended the period with 812,100 ANGL shares valued at $23.85 million, and the position’s value fell by $7.35 million reflecting sales and market moves.
  • ANGL accounted for 1.12% of Ocean Park’s reported 13F assets under management at quarter-end.
  • The filing highlighted larger positions in high-yield credit ETFs including USHY ($286.75 million), HYG ($268.80 million), and JNK ($185.32 million).
  • Accompanying fund data showed ANGL priced at $29.58 with a 30-day SEC yield of about 6.05%, roughly $3.13 billion in assets, and a one-year total return of 9.11%.