iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Sees Unusually-High Trading Volume – Here’s Why

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) shares saw unusually-strong trading volume on Monday . Approximately 1,828,344 shares changed hands during mid-day trading, an increase of 141% from the previous session’s volume of 758,541 shares.The stock last traded at $27.4750 and had previously closed at $27.45.

iShares Fallen Angels USD Bond ETF Stock Performance

The business has a 50-day moving average price of $27.44 and a 200 day moving average price of $27.41.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a $0.1473 dividend. The ex-dividend date was Monday, February 2nd. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15. This represents a c) annualized dividend and a dividend yield of 6.4%.

Institutional Trading of iShares Fallen Angels USD Bond ETF

Several large investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its position in shares of iShares Fallen Angels USD Bond ETF by 73.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock valued at $28,000 after acquiring an additional 428 shares during the period. Flagship Harbor Advisors LLC bought a new position in iShares Fallen Angels USD Bond ETF during the fourth quarter valued at about $30,000. CoreCap Advisors LLC raised its holdings in iShares Fallen Angels USD Bond ETF by 72.4% in the 3rd quarter. CoreCap Advisors LLC now owns 1,179 shares of the company’s stock valued at $33,000 after acquiring an additional 495 shares in the last quarter. Golden State Wealth Management LLC grew its holdings 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 in the last quarter. Finally, Camelot Portfolios LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the fourth quarter valued at $55,000.

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.