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

by · The Cerbat Gem

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL – Get Free Report) saw strong trading volume on Tuesday . 3,840,357 shares were traded during mid-day trading, an increase of 211% from the previous session’s volume of 1,236,342 shares.The stock last traded at $29.5450 and had previously closed at $29.55.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.0%

The stock has a market capitalization of $3.18 billion, a PE ratio of 59.37 and a beta of 0.44. The firm has a 50-day moving average price of $29.39 and a 200-day moving average price of $29.36.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th were paid a $0.1599 dividend. The ex-dividend date was Monday, December 29th. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a yield of 6.5%.

Institutional Investors Weigh In On VanEck Fallen Angel High Yield Bond ETF

A number of hedge funds have recently modified their holdings of ANGL. Newbridge Financial Services Group Inc. lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 19.6% in the second quarter. Newbridge Financial Services Group Inc. now owns 4,192 shares of the company’s stock valued at $123,000 after purchasing an additional 688 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter valued at $129,000. CWM LLC grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 19.9% during the 2nd quarter. CWM LLC now owns 5,218 shares of the company’s stock worth $153,000 after acquiring an additional 866 shares during the period. Equitable Holdings Inc. purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter worth about $201,000. Finally, HF Advisory Group LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth about $202,000.

About VanEck Fallen Angel High Yield Bond ETF

(Get Free Report)

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.

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