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

Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw an uptick in trading volume on Friday . 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 Trading Down 0.4 %

The company has a market cap of $3.06 billion, a PE ratio of 0.48 and a beta of 0.52. The business’s 50 day moving average is $28.94 and its two-hundred day moving average is $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 given a $0.1564 dividend. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15. The ex-dividend date was Friday, December 27th.

Institutional Trading of VanEck Fallen Angel High Yield Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in ANGL. Charles Schwab Investment Management Inc. grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,376,646 shares of the company’s stock valued at $40,487,000 after buying an additional 38,164 shares in the last quarter. Bank of Montreal Can increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 482.2% in the 2nd quarter. Bank of Montreal Can now owns 541,407 shares of the company’s stock valued at $15,463,000 after acquiring an additional 448,415 shares during the last quarter. Heritage Oak Wealth Advisors LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth $274,000. Peak Financial Advisors LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter valued at about $5,888,000. Finally, 1832 Asset Management L.P. grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 0.9% during the second quarter. 1832 Asset Management L.P. now owns 1,229,659 shares of the company’s stock valued at $34,799,000 after purchasing an additional 10,666 shares in 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.