VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Sees Unusually-High Trading Volume – Still a Buy?

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) shares saw unusually-high trading volume on Wednesday. Approximately 4,884,077 shares were traded during trading, an increase of 441% from the average daily volume of 902,925 shares. The stock last traded at $27.7350 and had previously closed at $27.54.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.9%

The firm has a market capitalization of $3.00 billion, a P/E ratio of 59.37 and a beta of 0.44. The business’s 50 day moving average is $28.09 and its two-hundred day moving average is $28.88.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.1688 per share. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1583. The ex-dividend date is Monday, November 2nd. This represents a $2.03 dividend on an annualized basis and a dividend yield of 7.3%.

Institutional Trading of VanEck Fallen Angel High Yield Bond ETF

Institutional investors have recently made changes to their positions in the stock. Silvia Mccoll Wealth Management LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at approximately $3,528,000. Tidal Investments LLC raised its position in VanEck Fallen Angel High Yield Bond ETF by 20.5% in the second quarter. Tidal Investments LLC now owns 293,253 shares of the company’s stock worth $8,575,000 after acquiring an additional 49,904 shares in the last quarter. Christensen King & Associates Investment Services Inc. bought a new stake in VanEck Fallen Angel High Yield Bond ETF in the third quarter worth about $549,000. Winebrenner Capital Management LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at about $912,000. Finally, Ferguson Shapiro LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter valued at about $3,333,000.

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.