VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Reaches New 12-Month Low – Should You Sell?

Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) hit a new 52-week low on Wednesday . The company traded as low as $28.35 and last traded at $28.3450, with a volume of 293934 shares. The stock had previously closed at $28.56.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

The company has a market cap of $3.16 billion, a PE ratio of 59.37 and a beta of 0.42. The stock has a 50 day moving average of $28.87 and a 200-day moving average of $28.98.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were given a dividend of $0.159 per share. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Tuesday, September 1st.

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

Several large investors have recently made changes to their positions in the company. Tidal Investments LLC boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 20.5% during the 2nd quarter. Tidal Investments LLC now owns 293,253 shares of the company’s stock worth $8,575,000 after acquiring an additional 49,904 shares in the last quarter. IFP Advisors Inc raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 12.0% in the second quarter. IFP Advisors Inc now owns 31,176 shares of the company’s stock valued at $912,000 after buying an additional 3,335 shares during the last quarter. Performa Ltd US LLC raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 3.9% in the 2nd quarter. Performa Ltd US LLC now owns 123,913 shares of the company’s stock valued at $3,623,000 after acquiring an additional 4,696 shares during the last quarter. Waverly Advisors LLC lifted its position in VanEck Fallen Angel High Yield Bond ETF by 8.3% during the second quarter. Waverly Advisors LLC now owns 62,675 shares of the company’s stock worth $1,833,000 after buying an additional 4,786 shares in the last quarter. Finally, Parkside Financial Bank & Trust purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter worth $38,000.

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.