VanEck Moodys Analytics IG Corporate Bond ETF (BATS:MIG) Shares Down 1.7% – Should You Sell?

VanEck Moodys Analytics IG Corporate Bond ETF (BATS:MIG) dropped 1.7% on Tuesday . The stock traded as low as $21.20 and last traded at $20.93. Approximately 37,198 shares were traded during mid-day trading, an increase of 620% from the average daily volume of 5,168 shares. The stock had previously closed at $21.29.

VanEck Moodys Analytics IG Corporate Bond ETF Trading Down 1.7 %

The firm has a fifty day moving average of $21.24 and a 200-day moving average of $21.33.

VanEck Moodys Analytics IG Corporate Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid a $0.0777 dividend. 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 raised its stake in VanEck Moodys Analytics IG Corporate Bond ETF (BATS:MIG) by 4,246.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,857 shares of the company’s stock after acquiring an additional 40,894 shares during the quarter. Van ECK Associates Corp owned about 6.98% of VanEck Moodys Analytics IG Corporate Bond ETF worth $883,000 at the end of the most recent reporting period.

About VanEck Moodys Analytics IG Corporate Bond ETF

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.