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

Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw unusually-strong trading volume on Friday . Approximately 2,061,045 shares were traded during mid-day trading, an increase of 126% from the previous session’s volume of 909,967 shares.The stock last traded at $28.76 and had previously closed at $28.82.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

The business’s 50 day moving average price is $29.52 and its two-hundred day moving average price is $29.48. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 59.37 and a beta of 0.44.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.1405 per share. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Trading of VanEck Fallen Angel High Yield Bond ETF

Institutional investors have recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in VanEck Fallen Angel High Yield Bond ETF by 6.2% in the 3rd quarter. Bank of America Corp DE now owns 20,594,595 shares of the company’s stock valued at $612,277,000 after acquiring an additional 1,193,879 shares during the last quarter. Capital Investment Advisors LLC boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 9.8% during the fourth quarter. Capital Investment Advisors LLC now owns 3,657,979 shares of the company’s stock worth $107,417,000 after buying an additional 326,747 shares in the last quarter. Cerity Partners LLC grew its position in VanEck Fallen Angel High Yield Bond ETF by 5.1% in the fourth quarter. Cerity Partners LLC now owns 3,334,783 shares of the company’s stock worth $97,926,000 after buying an additional 163,292 shares during the last quarter. Southern Farm Bureau Life Insurance increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 110.1% in the fourth quarter. Southern Farm Bureau Life Insurance now owns 2,587,512 shares of the company’s stock valued at $76,045,000 after buying an additional 1,356,065 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 3.4% during the 4th quarter. Morgan Stanley now owns 2,568,558 shares of the company’s stock valued at $75,426,000 after acquiring an additional 83,928 shares during the last quarter.

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.