VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Sets New 52-Week High – Here’s What Happened

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $29.69 and last traded at $29.68, with a volume of 347256 shares traded. The stock had previously closed at $29.56.

VanEck Fallen Angel High Yield Bond ETF Price Performance

The stock’s 50 day moving average is $29.24 and its two-hundred day moving average is $28.81. The stock has a market capitalization of $3.02 billion, a PE ratio of 59.37 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, September 5th. Shareholders of record on Tuesday, September 2nd were paid a $0.1497 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 6.1%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 1,856.5% in the fourth quarter. BNP Paribas Financial Markets now owns 900 shares of the company’s stock valued at $26,000 after purchasing an additional 854 shares in the last quarter. Note Advisors LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter valued at $829,000. Mosaic Family Wealth Partners LLC boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 3.9% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 157,061 shares of the company’s stock valued at $4,503,000 after buying an additional 5,932 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter valued at $84,000. Finally, Wilson & Boucher Capital Management LLC raised its stake in VanEck Fallen Angel High Yield Bond ETF by 4.7% during the 4th quarter. Wilson & Boucher Capital Management LLC now owns 37,800 shares of the company’s stock worth $1,084,000 after acquiring an additional 1,700 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.