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

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) shares saw an uptick in trading volume on Wednesday . 993,277 shares were traded during mid-day trading, a decline of 19% from the previous session’s volume of 1,222,061 shares.The stock last traded at $28.28 and had previously closed at $28.39.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.2 %

The firm has a market cap of $2.94 billion, a PE ratio of 0.47 and a beta of 0.52. The company has a 50-day simple moving average of $28.68 and a 200 day simple moving average of $28.31.

VanEck Fallen Angel High Yield Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were issued a dividend of $0.152 per share. This represents a $1.82 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date was Monday, April 1st.

Institutional Trading of VanEck Fallen Angel High Yield Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 1.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 26,678 shares of the company’s stock worth $768,000 after acquiring an additional 364 shares in the last quarter. Zimmermann Investment Management & Planning LLC lifted its holdings in VanEck Fallen Angel High Yield Bond ETF by 13.6% in the 4th quarter. Zimmermann Investment Management & Planning LLC now owns 129,816 shares of the company’s stock valued at $3,736,000 after purchasing an additional 15,556 shares in the last quarter. Melone Private Wealth LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 159.1% in the fourth quarter. Melone Private Wealth LLC now owns 231,268 shares of the company’s stock worth $6,656,000 after buying an additional 141,998 shares in the last quarter. Wrapmanager Inc. boosted its position in VanEck Fallen Angel High Yield Bond ETF by 0.6% during the third quarter. Wrapmanager Inc. now owns 208,526 shares of the company’s stock worth $5,643,000 after acquiring an additional 1,235 shares during the last quarter. Finally, Strategic Blueprint LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the 4th quarter valued at about $403,000.

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.