iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Sees Unusually-High Trading Volume – Time to Buy?

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) shares saw strong trading volume on Tuesday . 1,020,832 shares changed hands during mid-day trading, a decline of 17% from the previous session’s volume of 1,226,985 shares.The stock last traded at $27.02 and had previously closed at $26.94.

iShares Fallen Angels USD Bond ETF Price Performance

The firm’s 50 day simple moving average is $27.01 and its 200-day simple moving average is $27.30.

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 paid a $0.1516 dividend. The ex-dividend date was Friday, May 1st.

Institutional Investors Weigh In On iShares Fallen Angels USD Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC increased its stake in shares of iShares Fallen Angels USD Bond ETF by 73.2% during the 4th 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 last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth about $30,000. CoreCap Advisors LLC increased its stake in shares of iShares Fallen Angels USD Bond ETF by 72.4% during the 3rd quarter. CoreCap Advisors LLC now owns 1,179 shares of the company’s stock worth $33,000 after purchasing an additional 495 shares during the last quarter. Golden State Wealth Management LLC increased its stake in shares of iShares Fallen Angels USD Bond ETF by 94.2% during the 3rd 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 last quarter. Finally, Y.D. More Investments Ltd acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the 1st quarter worth about $53,000.

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.