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

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw unusually-high trading volume on Friday . Approximately 787,655 shares traded hands during trading, a decline of 6% from the previous session’s volume of 836,754 shares.The stock last traded at $28.65 and had previously closed at $28.69.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.4 %

The company has a market cap of $3.06 billion, a P/E ratio of 0.48 and a beta of 0.52. The business has a fifty day simple moving average of $28.94 and a two-hundred day simple moving average of $28.93.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 27th were paid a $0.1564 dividend. The ex-dividend date of this dividend was Friday, December 27th. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15.

Institutional Trading of VanEck Fallen Angel High Yield Bond ETF

Several large investors have recently added to or reduced their stakes in the business. AGF Management Ltd. grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 35.3% during the 2nd quarter. AGF Management Ltd. now owns 88,200 shares of the company’s stock valued at $2,496,000 after acquiring an additional 23,000 shares during the period. Wrapmanager Inc. grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 5.2% during the second quarter. Wrapmanager Inc. now owns 211,219 shares of the company’s stock valued at $5,978,000 after purchasing an additional 10,483 shares during the period. Prosperity Consulting Group LLC increased its position in VanEck Fallen Angel High Yield Bond ETF by 6.1% in the second quarter. Prosperity Consulting Group LLC now owns 95,504 shares of the company’s stock worth $2,703,000 after buying an additional 5,518 shares in the last quarter. Clear Investment Research LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 3.8% in the second quarter. Clear Investment Research LLC now owns 134,617 shares of the company’s stock worth $3,810,000 after buying an additional 4,942 shares during the period. Finally, Perissos Private Wealth Management LLC lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 29.8% during the 2nd quarter. Perissos Private Wealth Management LLC now owns 64,296 shares of the company’s stock valued at $1,820,000 after buying an additional 14,761 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.