iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Get Free Report) declared a monthly dividend on Wednesday, September 30th. Investors of record on Thursday, October 1st will be given a dividend of $0.1471 per share on Tuesday, October 6th. This represents a $1.77 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Thursday, October 1st. This is a 3.3% increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.1425.
iShares Fallen Angels USD Bond ETF Trading Down 0.3%
Shares of FALN stock opened at $25.93 on Thursday. The business’s 50 day moving average is $26.77 and its two-hundred day moving average is $26.93. iShares Fallen Angels USD Bond ETF has a twelve month low of $25.91 and a twelve month high of $27.77.
Hedge Funds Weigh In On iShares Fallen Angels USD Bond ETF
A number of large investors have recently bought and sold shares of the company. NewEdge Advisors LLC increased its stake in shares of iShares Fallen Angels USD Bond ETF by 38.4% during the second quarter. NewEdge Advisors LLC now owns 73,149 shares of the company’s stock worth $1,993,000 after acquiring an additional 20,311 shares during the period. Integrity Wealth Advisors Inc. lifted its position in iShares Fallen Angels USD Bond ETF by 613.0% in the fourth quarter. Integrity Wealth Advisors Inc. now owns 54,510 shares of the company’s stock valued at $1,503,000 after purchasing an additional 46,865 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in iShares Fallen Angels USD Bond ETF by 505.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 168,477 shares of the company’s stock valued at $4,599,000 after purchasing an additional 140,661 shares during the period. Napier Financial LLC purchased a new stake in iShares Fallen Angels USD Bond ETF in the 4th quarter valued at approximately $2,399,000. Finally, Gateway Wealth Partners LLC purchased a new stake in iShares Fallen Angels USD Bond ETF in the 1st quarter valued at approximately $567,000.
About iShares Fallen Angels USD Bond ETF
The iShares Fallen Angels USD Bond ETF (FALN) 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. FALN was launched on Jun 14, 2016 and is managed by BlackRock.
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