Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $27.11 and last traded at $27.10, with a volume of 193752 shares trading hands. The stock had previously closed at $27.07.
iShares Fallen Angels USD Bond ETF Stock Up 0.4 %
The business has a 50 day moving average price of $26.57 and a 200-day moving average price of $26.51.
iShares Fallen Angels USD Bond ETF Increases Dividend
The company also recently disclosed a monthly dividend, which was paid on Tuesday, August 6th. Shareholders of record on Thursday, August 1st were given a $0.1385 dividend. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.66 annualized dividend and a yield of 6.12%.
Institutional Investors Weigh In On iShares Fallen Angels USD Bond ETF
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.
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