iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Sees Strong Trading Volume

Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) saw unusually-high trading volume on Tuesday . Approximately 1,772,708 shares changed hands during mid-day trading, an increase of 150% from the previous session’s volume of 709,660 shares.The stock last traded at $26.66 and had previously closed at $26.67.

iShares Fallen Angels USD Bond ETF Trading Up 0.0 %

The company has a 50-day moving average price of $26.42 and a two-hundred day moving average price of $26.48.

iShares Fallen Angels USD Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, July 1st were issued a $0.1379 dividend. The ex-dividend date was Monday, July 1st. This represents a $1.65 annualized dividend and a dividend yield of 6.23%.

Institutional Investors Weigh In On iShares Fallen Angels USD Bond ETF

Several hedge funds have recently bought and sold shares of FALN. Envestnet Asset Management Inc. raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 63.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 2,385,363 shares of the company’s stock valued at $62,974,000 after buying an additional 921,570 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC purchased a new position in iShares Fallen Angels USD Bond ETF in the 4th quarter worth $16,210,000. Cetera Investment Advisers lifted its stake in iShares Fallen Angels USD Bond ETF by 182.5% in the first quarter. Cetera Investment Advisers now owns 768,476 shares of the company’s stock worth $20,641,000 after purchasing an additional 496,455 shares during the last quarter. Procyon Advisors LLC purchased a new stake in iShares Fallen Angels USD Bond ETF during the first quarter valued at about $12,111,000. Finally, Mather Group LLC. grew its stake in shares of iShares Fallen Angels USD Bond ETF by 6.5% during the second quarter. Mather Group LLC. now owns 7,077,331 shares of the company’s stock valued at $190,097,000 after buying an additional 432,656 shares during the last quarter.

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.