VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Sees Strong Trading Volume – Time to Buy?

Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw unusually-high trading volume on Wednesday . Approximately 8,471,360 shares changed hands during trading, an increase of 811% from the previous session’s volume of 929,479 shares.The stock last traded at $28.98 and had previously closed at $28.89.

VanEck Fallen Angel High Yield Bond ETF Price Performance

The business has a 50 day moving average of $28.89 and a 200 day moving average of $29.01. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 60.80 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.1361 per share. The ex-dividend date was Monday, March 3rd.

Institutional Trading of VanEck Fallen Angel High Yield Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ANGL. Assetmark Inc. boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 281.2% during the third quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock valued at $40,000 after purchasing an additional 1,001 shares in the last quarter. Atria Investments Inc boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 41.9% in the 3rd quarter. Atria Investments Inc now owns 57,350 shares of the company’s stock valued at $1,687,000 after buying an additional 16,927 shares in the last quarter. Sigma Planning Corp boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 5.1% in the 3rd quarter. Sigma Planning Corp now owns 65,860 shares of the company’s stock valued at $1,937,000 after buying an additional 3,218 shares in the last quarter. Jaffetilchin Investment Partners LLC grew its position in VanEck Fallen Angel High Yield Bond ETF by 1.2% in the third quarter. Jaffetilchin Investment Partners LLC now owns 28,909 shares of the company’s stock valued at $850,000 after acquiring an additional 350 shares during the period. Finally, Aptus Capital Advisors LLC raised its stake in VanEck Fallen Angel High Yield Bond ETF by 15,275.3% during the third quarter. Aptus Capital Advisors LLC now owns 14,299 shares of the company’s stock worth $421,000 after acquiring an additional 14,206 shares in the last quarter.

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.