VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Sets New 1-Year Low – Time to Sell?

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

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.4%

The company has a 50 day moving average of $28.44 and a two-hundred day moving average of $28.85. The firm has a market cap of $2.99 billion, a P/E ratio of 59.37 and a beta of 0.44.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

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

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

Several large investors have recently made changes to their positions in ANGL. Ocean Park Asset Management LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth approximately $17,401,000. Storen Legacy Partners LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the fourth quarter worth approximately $16,729,000. Janney Montgomery Scott LLC boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 1,633.5% during the first quarter. Janney Montgomery Scott LLC now owns 433,373 shares of the company’s stock worth $12,446,000 after buying an additional 408,373 shares in the last quarter. NBT Bank N A NY boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 2,631.8% during the first quarter. NBT Bank N A NY now owns 198,572 shares of the company’s stock worth $5,703,000 after buying an additional 191,303 shares in the last quarter. Finally, Hershey Financial Advisers LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the first quarter worth approximately $4,081,000.

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.