iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) to Issue $0.14 Monthly Dividend

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Get Free Report) announced a monthly dividend on Tuesday, June 30th, NASDAQ Dividends reports. Shareholders of record on Wednesday, July 1st will be paid a dividend of 0.141 per share on Tuesday, July 7th. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Wednesday, July 1st.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of NASDAQ FALN traded down $0.12 during trading on Wednesday, hitting $27.12. The company had a trading volume of 1,983,109 shares, compared to its average volume of 1,197,060. The business’s 50-day moving average is $27.08 and its 200 day moving average is $27.19. iShares Fallen Angels USD Bond ETF has a 52 week low of $26.37 and a 52 week high of $27.79.

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iShares Fallen Angels USD Bond ETF Company Profile

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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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