iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Get Free Report) saw unusually-strong trading volume on Wednesday. 2,313,999 shares changed hands during mid-day trading, an increase of 120% from the average daily volume of 1,050,423 shares. The stock last traded at $25.9250 and had previously closed at $25.93.
iShares Fallen Angels USD Bond ETF Trading Up 0.0%
The company’s 50 day moving average price is $26.33 and its 200 day moving average price is $26.94.
iShares Fallen Angels USD Bond ETF Increases Dividend
The company also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a dividend of $0.1471 per share. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $1.77 dividend on an annualized basis and a yield of 6.8%. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.1425.
Hedge Funds Weigh In On iShares Fallen Angels USD Bond ETF
Several hedge funds and other institutional investors have recently bought and sold shares of FALN. Wellington Grp LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF during the first quarter worth $26,000. RMG Wealth Management LLC acquired a new stake in iShares Fallen Angels USD Bond ETF during the 1st quarter worth about $31,000. Root Financial Partners LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF during the 3rd quarter valued at about $32,000. Beacon Financial Strategies CORP acquired a new position in iShares Fallen Angels USD Bond ETF in the second quarter valued at approximately $50,000. Finally, Y.D. More Investments Ltd acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the first quarter worth about $53,000.
iShares Fallen Angels USD Bond ETF Company Profile
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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