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

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw unusually-strong trading volume on Wednesday . Approximately 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 Trading Down 0.2 %

The business has a 50 day moving average of $28.68 and a 200-day moving average of $28.31. The stock has a market cap of $2.94 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. Shareholders of record on Tuesday, April 2nd were issued a $0.152 dividend. The ex-dividend date was Monday, April 1st. This represents a $1.82 dividend on an annualized basis and a yield of 6.46%.

Institutional Trading of VanEck Fallen Angel High Yield Bond ETF

A number of hedge funds have recently bought and sold shares of the company. State of Tennessee Treasury Department raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 61.9% in the 4th quarter. State of Tennessee Treasury Department now owns 3,933,600 shares of the company’s stock valued at $113,209,000 after acquiring an additional 1,504,000 shares during the last quarter. Wright Fund Management LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF during the third quarter worth about $27,539,000. Bank of New York Mellon Corp acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter worth about $26,364,000. Morningstar Investment Services LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 98.6% in the 4th quarter. Morningstar Investment Services LLC now owns 1,732,443 shares of the company’s stock worth $49,964,000 after buying an additional 860,132 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 53.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,060,940 shares of the company’s stock valued at $55,796,000 after buying an additional 721,999 shares during the period.

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.