VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Sees Unusually-High Trading Volume – Here’s Why

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw unusually-strong trading volume on Friday . Approximately 656,642 shares were traded during trading, a decline of 27% from the previous session’s volume of 903,328 shares.The stock last traded at $29.13 and had previously closed at $29.08.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.0 %

The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. The business’s 50-day moving average is $28.92 and its 200-day moving average is $28.98.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

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

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

Several hedge funds have recently bought and sold shares of ANGL. Truist Financial Corp grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 0.7% in the second quarter. Truist Financial Corp now owns 48,116 shares of the company’s stock valued at $1,362,000 after purchasing an additional 347 shares during the period. Tcfg Wealth Management LLC increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 3.5% in the 4th quarter. Tcfg Wealth Management LLC now owns 10,199 shares of the company’s stock worth $292,000 after acquiring an additional 347 shares in the last quarter. Jaffetilchin Investment Partners LLC increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 1.2% in the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 28,909 shares of the company’s stock worth $850,000 after acquiring an additional 350 shares in the last quarter. Authentikos Wealth Advisory LLC raised its position in VanEck Fallen Angel High Yield Bond ETF by 5.1% during the fourth quarter. Authentikos Wealth Advisory LLC now owns 8,010 shares of the company’s stock worth $230,000 after acquiring an additional 386 shares during the period. Finally, Retirement Guys Formula LLC lifted its holdings in VanEck Fallen Angel High Yield Bond ETF by 0.7% during the fourth quarter. Retirement Guys Formula LLC now owns 55,039 shares of the company’s stock valued at $1,578,000 after purchasing an additional 390 shares in the last quarter.

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.