VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Sees Large Volume Increase – Should You Buy?

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw strong trading volume on Tuesday . 1,915,530 shares changed hands during mid-day trading, an increase of 121% from the previous session’s volume of 868,277 shares.The stock last traded at $28.98 and had previously closed at $28.85.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.5%

The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 59.37 and a beta of 0.42. The company’s 50-day moving average is $29.06 and its 200-day moving average is $29.17.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd will be issued a $0.1684 dividend. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date is Monday, August 3rd.

Institutional Trading of VanEck Fallen Angel High Yield Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Fortune Financial Advisors LLC raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 2.9% during the 4th quarter. Fortune Financial Advisors LLC now owns 14,772 shares of the company’s stock worth $434,000 after acquiring an additional 418 shares in the last quarter. 1620 Investment Advisors Inc. boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 0.8% in the fourth quarter. 1620 Investment Advisors Inc. now owns 52,607 shares of the company’s stock valued at $1,545,000 after purchasing an additional 436 shares in the last quarter. Meridian Financial Advisors LLC increased its stake in VanEck Fallen Angel High Yield Bond ETF by 4.6% in the first quarter. Meridian Financial Advisors LLC now owns 11,176 shares of the company’s stock valued at $321,000 after purchasing an additional 490 shares during the last quarter. IFP Advisors Inc increased its stake in VanEck Fallen Angel High Yield Bond ETF by 1.8% in the fourth quarter. IFP Advisors Inc now owns 28,855 shares of the company’s stock valued at $847,000 after purchasing an additional 499 shares during the last quarter. Finally, Truist Financial Corp raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 3.6% during the fourth quarter. Truist Financial Corp now owns 14,593 shares of the company’s stock worth $429,000 after purchasing an additional 504 shares in the last quarter.

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.