iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Sees Large Volume Increase

Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) saw strong trading volume on Tuesday . 1,772,708 shares traded 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 Stock Up 0.0 %

The firm has a fifty day moving average price of $26.42 and a 200 day moving average price of $26.48.

iShares Fallen Angels USD Bond ETF Dividend Announcement

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

Institutional Trading of iShares Fallen Angels USD Bond ETF

Several large investors have recently made changes to their positions in FALN. SouthState Corp acquired a new position in iShares Fallen Angels USD Bond ETF during the 4th quarter worth about $30,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter worth approximately $33,000. First Horizon Advisors Inc. grew its stake in shares of iShares Fallen Angels USD Bond ETF by 120.7% during the fourth quarter. First Horizon Advisors Inc. now owns 2,079 shares of the company’s stock valued at $55,000 after purchasing an additional 1,137 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 19.6% in the fourth quarter. Private Trust Co. NA now owns 3,290 shares of the company’s stock valued at $87,000 after purchasing an additional 540 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in iShares Fallen Angels USD Bond ETF by 143.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,323 shares of the company’s stock worth $88,000 after purchasing an additional 1,957 shares during 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.