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

VanEck Moodys Analytics IG Corporate Bond ETF (BATS:MIG)’s stock price traded up 0.2% on Friday . The company traded as high as $21.85 and last traded at $21.85. 1,195 shares were traded during mid-day trading, a decline of 78% from the average session volume of 5,541 shares. The stock had previously closed at $21.81.

VanEck Moodys Analytics IG Corporate Bond ETF Stock Performance

The stock has a fifty day simple moving average of $21.66 and a 200-day simple moving average of $21.70.

VanEck Moodys Analytics IG Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a dividend of $0.0804 per share. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Monday, February 2nd.

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.