VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Hits New 1-Year Low – Time to Sell?

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) shares hit a new 52-week low on Thursday. The company traded as low as $27.44 and last traded at $27.4650, with a volume of 545,766 shares changing hands. The stock had previously closed at $27.52.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.1%

The firm has a 50-day moving average of $28.50 and a 200-day moving average of $28.86. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 59.37 and a beta of 0.44.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a dividend of $0.1583 per share. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $1.90 dividend on an annualized basis and a yield of 6.9%. This is a decrease from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1590.

Institutional Trading of VanEck Fallen Angel High Yield Bond ETF

Several large investors have recently added to or reduced their stakes in ANGL. Silvia Mccoll Wealth Management LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the third quarter worth about $3,528,000. Tidal Investments LLC lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 20.5% during the second quarter. Tidal Investments LLC now owns 293,253 shares of the company’s stock worth $8,575,000 after purchasing an additional 49,904 shares during the period. RFG Advisory LLC lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 331.6% during the first quarter. RFG Advisory LLC now owns 45,952 shares of the company’s stock worth $1,320,000 after purchasing an additional 35,305 shares during the period. Rockefeller Capital Management L.P. boosted its position in VanEck Fallen Angel High Yield Bond ETF by 124.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 49,739 shares of the company’s stock valued at $1,461,000 after buying an additional 27,601 shares during the last quarter. Finally, Ferguson Shapiro LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at approximately $3,333,000.

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.