iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Get Free Report) shares reached a new 52-week low during mid-day trading on Monday. The company traded as low as $25.61 and last traded at $25.6150, with a volume of 573,015 shares changing hands. The stock had previously closed at $25.68.
iShares Fallen Angels USD Bond ETF Stock Down 0.3%
The firm has a fifty day simple moving average of $26.51 and a 200 day simple moving average of $26.86.
iShares Fallen Angels USD Bond ETF Increases Dividend
The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a dividend of $0.1471 per share. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.1425. The ex-dividend date was Thursday, October 1st. This represents a $1.77 annualized dividend and a dividend yield of 6.9%.
Institutional Trading of iShares Fallen Angels USD Bond ETF
A number of large investors have recently bought and sold shares of the stock. Wellington Grp LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF in the first quarter valued at about $26,000. RMG Wealth Management LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF during the 1st quarter valued at $31,000. Beacon Financial Strategies CORP acquired a new position in iShares Fallen Angels USD Bond ETF in the second quarter valued at about $50,000. Y.D. More Investments Ltd bought a new position in iShares Fallen Angels USD Bond ETF during the 1st quarter worth approximately $53,000. Finally, CoreCap Advisors LLC boosted its position in shares of iShares Fallen Angels USD Bond ETF by 27.0% during the second quarter. CoreCap Advisors LLC now owns 2,359 shares of the company’s stock worth $64,000 after purchasing an additional 501 shares in the last quarter.
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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