iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Sees Large Volume Increase – Time to Buy?

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) saw an uptick in trading volume on Tuesday . 2,340,643 shares traded hands during trading, an increase of 96% from the previous session’s volume of 1,196,742 shares.The stock last traded at $27.08 and had previously closed at $27.02.

iShares Fallen Angels USD Bond ETF Stock Performance

The firm’s 50-day simple moving average is $26.94 and its 200-day simple moving average is $27.25.

iShares Fallen Angels USD Bond ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were given a dividend of $0.1516 per share. The ex-dividend date was Friday, May 1st.

Institutional Trading of iShares Fallen Angels USD Bond ETF

Institutional investors have recently modified their holdings of the company. Wellington Grp LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the first quarter worth about $26,000. Global Retirement Partners LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 73.2% during the fourth quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock worth $28,000 after purchasing an additional 428 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter worth about $30,000. RMG Wealth Management LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the first quarter worth about $31,000. Finally, Golden State Wealth Management LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 94.2% during the third quarter. Golden State Wealth Management LLC now owns 1,429 shares of the company’s stock worth $40,000 after purchasing an additional 693 shares during the period.

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.