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

Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) saw unusually-high trading volume on Wednesday . Approximately 894,532 shares changed hands during trading, an increase of 54% from the previous session’s volume of 582,252 shares.The stock last traded at $26.83 and had previously closed at $26.66.

iShares Fallen Angels USD Bond ETF Stock Performance

The business’s 50 day simple moving average is $26.96 and its two-hundred day simple moving average is $26.93.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a dividend of $0.1371 per share. The ex-dividend date was Wednesday, December 18th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.10%.

Institutional Trading of iShares Fallen Angels USD Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of FALN. Strategic Investment Solutions Inc. IL bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the second quarter worth $49,000. Wilmington Savings Fund Society FSB bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the third quarter worth $55,000. Outlook Wealth Advisors LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the third quarter worth $203,000. Saxony Capital Management LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the third quarter worth $208,000. Finally, Detalus Advisors LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the third quarter worth $218,000.

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.