VanEck Moodys Analytics IG Corporate Bond ETF (BATS:MIG) Stock Price Down 0.9% – Here’s Why

VanEck Moodys Analytics IG Corporate Bond ETF (BATS:MIG)’s share price was down 0.9% during mid-day trading on Friday . The stock traded as low as $21.18 and last traded at $21.18. Approximately 5,137 shares traded hands during trading, an increase of 3% from the average daily volume of 4,969 shares. The stock had previously closed at $21.38.

VanEck Moodys Analytics IG Corporate Bond ETF Price Performance

The business’s fifty day simple moving average is $21.62 and its 200 day simple moving average is $21.69.

VanEck Moodys Analytics IG Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.0723 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, March 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.