VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Sees Unusually-High Trading Volume

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw an uptick in trading volume on Wednesday . 993,277 shares were traded during mid-day trading, a decline of 19% from the previous session’s volume of 1,222,061 shares.The stock last traded at $28.28 and had previously closed at $28.39.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

The company’s fifty day moving average is $28.70 and its 200-day moving average is $28.31. The company has a market capitalization of $3.02 billion, a PE ratio of 0.47 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were issued a $0.152 dividend. This represents a $1.82 annualized dividend and a yield of 6.44%. The ex-dividend date of this dividend was Monday, April 1st.

Institutional Investors Weigh In On VanEck Fallen Angel High Yield Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. VitalStone Financial LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter worth approximately $26,000. Concourse Financial Group Securities Inc. increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 408.0% during the third quarter. Concourse Financial Group Securities Inc. now owns 1,016 shares of the company’s stock valued at $27,000 after buying an additional 816 shares during the period. ORG Partners LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the fourth quarter valued at $33,000. Pineridge Advisors LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the fourth quarter valued at about $50,000. Finally, Legacy Financial Group LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at about $102,000.

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.