VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Sees Large Volume Increase – Should You Buy?

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) shares saw an uptick in trading volume on Tuesday . 3,840,357 shares changed hands during trading, an increase of 211% from the previous session’s volume of 1,236,342 shares.The stock last traded at $29.5450 and had previously closed at $29.55.

VanEck Fallen Angel High Yield Bond ETF Price Performance

The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 59.37 and a beta of 0.44. The business’s fifty day simple moving average is $29.39 and its 200 day simple moving average is $29.36.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th were paid a dividend of $0.1599 per share. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date was Monday, December 29th. This represents a c) dividend on an annualized basis and a yield of 6.5%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ANGL. Jane Street Group LLC raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 12.3% in the 1st quarter. Jane Street Group LLC now owns 326,655 shares of the company’s stock worth $9,427,000 after acquiring an additional 35,746 shares during the last quarter. HBW Advisory Services LLC increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 13.2% during the 2nd quarter. HBW Advisory Services LLC now owns 11,654 shares of the company’s stock worth $341,000 after purchasing an additional 1,363 shares in the last quarter. Goldstone Financial Group LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 9.8% in the second quarter. Goldstone Financial Group LLC now owns 14,593 shares of the company’s stock worth $426,000 after purchasing an additional 1,306 shares during the last quarter. Melone Private Wealth LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 1.3% in the second quarter. Melone Private Wealth LLC now owns 209,211 shares of the company’s stock worth $6,099,000 after purchasing an additional 2,769 shares during the last quarter. Finally, Breakwater Capital Group lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 25.5% in the second quarter. Breakwater Capital Group now owns 57,061 shares of the company’s stock valued at $1,671,000 after purchasing an additional 11,578 shares in 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.