VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Sees Large Volume Increase – What’s Next?

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw unusually-strong trading volume on Friday . Approximately 2,189,703 shares changed hands during mid-day trading, an increase of 135% from the previous session’s volume of 933,733 shares.The stock last traded at $27.85 and had previously closed at $28.41.

VanEck Fallen Angel High Yield Bond ETF Price Performance

The company has a 50-day moving average of $28.90 and a two-hundred day moving average of $28.97. The stock has a market capitalization of $3.09 billion, a PE ratio of 57.90 and a beta of 0.47.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, April 1st were given a $0.1578 dividend. The ex-dividend date was Tuesday, April 1st. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.16. This represents a $1.89 annualized dividend and a dividend yield of 6.84%.

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

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Stifel Financial Corp raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 27.2% in the 3rd quarter. Stifel Financial Corp now owns 386,343 shares of the company’s stock worth $11,362,000 after buying an additional 82,622 shares during the period. Insigneo Advisory Services LLC raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 16.3% in the 3rd quarter. Insigneo Advisory Services LLC now owns 103,651 shares of the company’s stock worth $3,048,000 after purchasing an additional 14,505 shares during the period. National Bank of Canada FI acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at about $6,994,000. Cape Cod Five Cents Savings Bank grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 14.5% during the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 526,750 shares of the company’s stock worth $14,907,000 after purchasing an additional 66,752 shares during the period. Finally, Continuum Advisory LLC raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 2.5% in the third quarter. Continuum Advisory LLC now owns 36,341 shares of the company’s stock valued at $1,051,000 after buying an additional 899 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.