VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Sees Large Volume Increase – Here’s Why

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) shares saw unusually-strong trading volume on Friday . Approximately 787,655 shares were traded during mid-day trading, a decline of 6% from the previous session’s volume of 836,754 shares.The stock last traded at $28.65 and had previously closed at $28.69.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.2 %

The firm has a market capitalization of $3.07 billion, a P/E ratio of 0.48 and a beta of 0.52. The business’s fifty day moving average is $28.94 and its 200 day moving average is $28.93.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 27th were paid a dividend of $0.1564 per share. The ex-dividend date was Friday, December 27th. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15.

Hedge Funds Weigh In On VanEck Fallen Angel High Yield Bond ETF

Institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 138.8% in the second quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock worth $26,000 after acquiring an additional 522 shares in the last quarter. Assetmark Inc. grew its position in VanEck Fallen Angel High Yield Bond ETF by 281.2% during the 3rd quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock worth $40,000 after purchasing an additional 1,001 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter valued at $45,000. Great Valley Advisor Group Inc. lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 6.5% in the third quarter. Great Valley Advisor Group Inc. now owns 8,826 shares of the company’s stock valued at $260,000 after purchasing an additional 540 shares in the last quarter. Finally, Heritage Oak Wealth Advisors LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the second quarter worth $274,000.

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.