Ocean Park Asset Management Exits VanEck Fallen Angel ETF with $23.8 Million Trade
Ocean Park Asset Management sold its entire stake in the VanEck Fallen Angel High Yield Bond ETF (ANGL) for an estimated $23.82 million. The move reflects a significant shift in the firm's portfolio, with ANGL's allocation dropping from 1.1% to 0% of AUM. The ETF has underperformed the S&P 500 by 16.7 percentage points over the past year.
Tickers: $ANGL