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 reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $29.80 and last traded at $29.7050, with a volume of 2619 shares trading hands. The stock had previously closed at $29.67.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.3%

The firm’s 50 day simple moving average is $29.52 and its two-hundred day simple moving average is $29.45. The stock has a market capitalization of $3.14 billion, a P/E ratio of 59.37 and a beta of 0.44.

VanEck Fallen Angel High Yield 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 paid a dividend of $0.1591 per share. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Investors Weigh In On VanEck Fallen Angel High Yield Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Gotham Asset Management LLC lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 10.4% in the 4th quarter. Gotham Asset Management LLC now owns 11,494 shares of the company’s stock worth $338,000 after purchasing an additional 1,083 shares in the last quarter. Engineers Gate Manager LP raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 41.3% during the fourth quarter. Engineers Gate Manager LP now owns 32,854 shares of the company’s stock worth $965,000 after buying an additional 9,610 shares during the last quarter. Guggenheim Capital LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 3.4% in the fourth quarter. Guggenheim Capital LLC now owns 470,807 shares of the company’s stock valued at $13,828,000 after buying an additional 15,604 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 25.2% in the fourth quarter. Cetera Investment Advisers now owns 444,187 shares of the company’s stock valued at $13,044,000 after buying an additional 89,425 shares in the last quarter. Finally, Advisory Services Network LLC grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 4.7% during the fourth quarter. Advisory Services Network LLC now owns 19,340 shares of the company’s stock valued at $568,000 after buying an additional 860 shares during 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.