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

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) reached a new 52-week low on Wednesday . The stock traded as low as $26.92 and last traded at $28.01, with a volume of 2370103 shares trading hands. The stock had previously closed at $27.29.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.2 %

The business has a 50-day simple moving average of $28.71 and a two-hundred day simple moving average of $28.89. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 57.90 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.1578 per share. This represents a $1.89 annualized dividend and a yield of 6.86%. The ex-dividend date was Tuesday, April 1st. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.16.

Institutional Trading of VanEck Fallen Angel High Yield Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 1,856.5% in the 4th quarter. BNP Paribas Financial Markets now owns 900 shares of the company’s stock worth $26,000 after acquiring an additional 854 shares during the period. Biltmore Family Office LLC increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 593.3% in the fourth quarter. Biltmore Family Office LLC now owns 936 shares of the company’s stock worth $27,000 after purchasing an additional 801 shares during the period. Van ECK Associates Corp increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 38.1% in the fourth quarter. Van ECK Associates Corp now owns 1,414 shares of the company’s stock worth $41,000 after purchasing an additional 390 shares during the period. Transce3nd LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth about $46,000. Finally, Howe & Rusling Inc. bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the 4th quarter valued at approximately $56,000.

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.