VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Sees Large Volume Increase

Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL – Get Rating) saw an uptick in trading volume on Friday . 4,389,072 shares traded hands during trading, an increase of 97% from the previous session’s volume of 2,223,237 shares.The stock last traded at $27.36 and had previously closed at $27.11.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

The company’s fifty day simple moving average is $27.66 and its 200-day simple moving average is $27.23. The company has a market capitalization of $2.71 billion, a P/E ratio of 59.99 and a beta of 0.51.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, March 7th. Stockholders of record on Thursday, March 2nd were issued a $0.102 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date was Wednesday, March 1st.

Institutional Trading of VanEck Fallen Angel High Yield Bond ETF

A number of institutional investors have recently modified their holdings of the company. Panoramic Investment Advisors LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter valued at about $227,000. American Trust boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 3.9% in the 4th quarter. American Trust now owns 103,419 shares of the company’s stock valued at $2,794,000 after buying an additional 3,914 shares in the last quarter. Certified Advisory Corp bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter valued at about $249,000. Financial Advocates Investment Management purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter valued at approximately $239,000. Finally, Live Oak Investment Partners purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter valued at approximately $3,850,000.

About VanEck Fallen Angel High Yield Bond ETF

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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.