VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Sets New 1-Year High at $29.47

Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $29.47 and last traded at $29.46, with a volume of 303600 shares changing hands. The stock had previously closed at $29.42.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

The stock has a 50-day moving average of $29.01 and a 200-day moving average of $28.72. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a $0.1501 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

Institutional Trading of VanEck Fallen Angel High Yield Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Triad Wealth Partners LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter worth approximately $25,000. EverSource Wealth Advisors LLC grew its stake in VanEck Fallen Angel High Yield Bond ETF by 138.8% in the second quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock valued at $26,000 after acquiring an additional 522 shares during the period. Pineridge Advisors LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at about $50,000. Gleason Group Inc. bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at about $55,000. Finally, SageView Advisory Group LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the first quarter worth about $92,000.

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.