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

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw unusually-high trading volume on Tuesday . Approximately 1,915,530 shares changed hands during trading, an increase of 121% from the previous session’s volume of 868,277 shares.The stock last traded at $28.98 and had previously closed at $28.85.

VanEck Fallen Angel High Yield Bond ETF Price Performance

The company’s 50 day moving average price is $29.06 and its two-hundred day moving average price is $29.17. The stock has a market capitalization of $3.05 billion, a PE ratio of 59.37 and a beta of 0.42.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd will be issued a $0.1684 dividend. The ex-dividend date is Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 7.0%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 6.2% in the third quarter. Bank of America Corp DE now owns 20,594,595 shares of the company’s stock valued at $612,277,000 after purchasing an additional 1,193,879 shares during the last quarter. Cerity Partners LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 5.1% during 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 boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 110.1% during the fourth quarter. Southern Farm Bureau Life Insurance now owns 2,587,512 shares of the company’s stock worth $76,045,000 after buying an additional 1,356,065 shares during the last quarter. Morgan Stanley grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 3.4% in the 4th quarter. Morgan Stanley now owns 2,568,558 shares of the company’s stock valued at $75,426,000 after buying an additional 83,928 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 21.6% in the 4th quarter. Wells Fargo & Company MN now owns 1,960,664 shares of the company’s stock worth $57,575,000 after acquiring an additional 348,040 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.