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

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) saw an uptick in trading volume on Wednesday . 2,456,790 shares were traded during trading, an increase of 152% from the previous session’s volume of 976,314 shares.The stock last traded at $26.76 and had previously closed at $26.88.

iShares Fallen Angels USD Bond ETF Stock Performance

The firm’s 50 day simple moving average is $27.42 and its 200 day simple moving average is $27.45.

iShares Fallen Angels USD Bond ETF Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC boosted its position 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 valued at $28,000 after acquiring an additional 428 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the fourth quarter valued at $30,000. CoreCap Advisors LLC lifted its position in shares of iShares Fallen Angels USD Bond ETF by 72.4% during the third quarter. CoreCap Advisors LLC now owns 1,179 shares of the company’s stock worth $33,000 after purchasing an additional 495 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in 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 buying an additional 693 shares in the last quarter. Finally, Camelot Portfolios LLC acquired a new position in iShares Fallen Angels USD Bond ETF during the 4th quarter worth $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.