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) saw an uptick in trading volume on Friday . 656,642 shares were traded during mid-day 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 Trading Up 0.0 %

The firm has a 50 day moving average price of $28.92 and a 200-day moving average price of $28.98. The firm has a market cap of $3.01 billion, a PE ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

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

Institutional Trading of VanEck Fallen Angel High Yield Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Assetmark Inc. boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 281.2% in the third quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock valued at $40,000 after acquiring an additional 1,001 shares in the last quarter. Van ECK Associates Corp increased its stake in VanEck Fallen Angel High Yield Bond ETF by 38.1% in the 4th quarter. Van ECK Associates Corp now owns 1,414 shares of the company’s stock valued at $41,000 after buying an additional 390 shares during the period. Fortitude Family Office LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the third quarter valued at about $45,000. Lowe Wealth Advisors LLC boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 252.0% in the 4th quarter. Lowe Wealth Advisors LLC now owns 2,520 shares of the company’s stock valued at $72,000 after purchasing an additional 1,804 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. increased its position in VanEck Fallen Angel High Yield Bond ETF by 519.9% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,267 shares of the company’s stock worth $94,000 after purchasing an additional 2,740 shares during the period.

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.