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

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw unusually-high trading volume on Friday . Approximately 2,189,703 shares traded 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 Stock Down 2.6 %

The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 57.90 and a beta of 0.47. The business has a 50 day moving average price of $28.90 and a 200-day moving average price of $28.97.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were paid a dividend of $0.1578 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.89 dividend on an annualized basis and a dividend yield of 6.84%. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.16.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Stifel Financial Corp increased its stake in VanEck Fallen Angel High Yield Bond ETF by 27.2% during 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 increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 16.3% during 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 last quarter. National Bank of Canada FI purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter valued at approximately $6,994,000. Cape Cod Five Cents Savings Bank increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 14.5% in the third quarter. Cape Cod Five Cents Savings Bank now owns 526,750 shares of the company’s stock worth $14,907,000 after buying an additional 66,752 shares during the last quarter. Finally, Continuum Advisory LLC increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 2.5% in the 3rd quarter. Continuum Advisory LLC now owns 36,341 shares of the company’s stock worth $1,051,000 after purchasing an additional 899 shares during 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.