VanEck Moodys Analytics IG Corporate Bond ETF (BATS:MIG) Trading 0.2% Higher – Still a Buy?

VanEck Moodys Analytics IG Corporate Bond ETF (BATS:MIG) shot up 0.2% during mid-day trading on Monday . The stock traded as high as $21.25 and last traded at $21.33. 37,198 shares were traded during mid-day trading, an increase of 878% from the average session volume of 3,803 shares. The stock had previously closed at $21.29.

VanEck Moodys Analytics IG Corporate Bond ETF Stock Performance

The company’s 50 day moving average price is $21.24 and its 200-day moving average price is $21.43.

VanEck Moodys Analytics IG Corporate Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a dividend of $0.0777 per share. The ex-dividend date of this dividend was Monday, March 3rd.

Institutional Investors Weigh In On VanEck Moodys Analytics IG Corporate Bond ETF

An institutional investor recently raised its position in VanEck Moodys Analytics IG Corporate Bond ETF stock. Van ECK Associates Corp boosted its stake in VanEck Moodys Analytics IG Corporate Bond ETF (BATS:MIG) by 4,246.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,857 shares of the company’s stock after acquiring an additional 40,894 shares during the period. Van ECK Associates Corp owned 6.98% of VanEck Moodys Analytics IG Corporate Bond ETF worth $883,000 at the end of the most recent quarter.

VanEck Moodys Analytics IG Corporate Bond ETF Company Profile

The VanEck Moody’s Analytics IG Corporate Bond ETF (MIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment grade corporate bonds issued in the US domestic market. MIG was launched on Dec 1, 2020 and is managed by VanEck.