iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Sees Large Volume Increase – What’s Next?

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) shares saw strong trading volume on Wednesday . 2,167,433 shares traded hands during mid-day trading, an increase of 94% from the previous session’s volume of 1,119,771 shares.The stock last traded at $26.77 and had previously closed at $26.62.

iShares Fallen Angels USD Bond ETF Trading Down 0.7%

The business has a fifty day moving average price of $27.30 and a 200 day moving average price of $27.42.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.1506 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date was Monday, March 2nd. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15.

Institutional Investors Weigh In On iShares Fallen Angels USD Bond ETF

A number of institutional investors have recently modified their holdings of FALN. Corient Private Wealth LLC increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 17.2% during the fourth quarter. Corient Private Wealth LLC now owns 11,268 shares of the company’s stock valued at $308,000 after acquiring an additional 1,657 shares in the last quarter. Aristides Capital LLC raised its stake in iShares Fallen Angels USD Bond ETF by 4.5% in the 4th quarter. Aristides Capital LLC now owns 20,548 shares of the company’s stock valued at $561,000 after acquiring an additional 890 shares during the period. Mcguire Capital Advisors Inc. purchased a new position in iShares Fallen Angels USD Bond ETF during the 4th quarter valued at about $102,000. Invesco Ltd. increased its position in shares of iShares Fallen Angels USD Bond ETF by 33.4% in the fourth quarter. Invesco Ltd. now owns 1,411,465 shares of the company’s stock worth $38,533,000 after purchasing an additional 353,615 shares during the last quarter. Finally, First Citizens Bank & Trust Co. raised its position in iShares Fallen Angels USD Bond ETF by 5.5% during the fourth quarter. First Citizens Bank & Trust Co. now owns 91,853 shares of the company’s stock valued at $2,508,000 after purchasing an additional 4,829 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.