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

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) shares saw strong trading volume on Friday . 787,655 shares changed hands during trading, a decline of 6% from the previous session’s volume of 836,754 shares.The stock last traded at $28.65 and had previously closed at $28.69.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. The stock’s fifty day moving average is $28.94 and its two-hundred day moving average is $28.93.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

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

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

A number of hedge funds have recently bought and sold shares of ANGL. Brass Tax Wealth Management Inc. boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 276.9% in the third quarter. Brass Tax Wealth Management Inc. now owns 48,276 shares of the company’s stock worth $1,420,000 after purchasing an additional 35,468 shares during the period. Synovus Financial Corp bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter valued at about $323,000. Tidal Investments LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the third quarter worth about $6,249,000. World Investment Advisors LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF in the third quarter worth about $2,569,000. Finally, Arete Wealth Advisors LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 155.2% in the third quarter. Arete Wealth Advisors LLC now owns 18,390 shares of the company’s stock valued at $541,000 after acquiring an additional 11,183 shares during the period.

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.