VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Sets New 52-Week Low – Should You Sell?

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)’s share price reached a new 52-week low on Thursday. The company traded as low as $27.44 and last traded at $27.4650, with a volume of 545,766 shares. The stock had previously closed at $27.52.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.1%

The firm has a market cap of $3.00 billion, a P/E ratio of 59.37 and a beta of 0.44. The firm has a 50-day simple moving average of $28.50 and a 200-day simple moving average of $28.86.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were paid a $0.1583 dividend. This represents a $1.90 annualized dividend and a yield of 6.9%. This is a drop from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1590. The ex-dividend date was Thursday, October 1st.

Hedge Funds Weigh In On VanEck Fallen Angel High Yield Bond ETF

A number of large investors have recently added to or reduced their stakes in ANGL. Silvia Mccoll Wealth Management LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at approximately $3,528,000. Tidal Investments LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 20.5% in the 2nd quarter. Tidal Investments LLC now owns 293,253 shares of the company’s stock worth $8,575,000 after purchasing an additional 49,904 shares in the last quarter. RFG Advisory LLC grew its position in VanEck Fallen Angel High Yield Bond ETF by 331.6% during the 1st quarter. RFG Advisory LLC now owns 45,952 shares of the company’s stock worth $1,320,000 after purchasing an additional 35,305 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in VanEck Fallen Angel High Yield Bond ETF by 124.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 49,739 shares of the company’s stock worth $1,461,000 after purchasing an additional 27,601 shares during the last quarter. Finally, Ferguson Shapiro LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter worth approximately $3,333,000.

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.