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 strong trading volume on Monday . 1,828,344 shares were traded 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 Trading Up 0.2%

The business’s fifty day simple moving average is $27.44 and its 200 day simple moving average is $27.41.

iShares Fallen Angels USD Bond ETF Increases Dividend

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

Institutional Investors Weigh In On iShares Fallen Angels USD Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in FALN. Municipal Employees Retirement System of Michigan bought a new stake in shares of iShares Fallen Angels USD Bond ETF during the second quarter worth $94,354,000. JPMorgan Chase & Co. increased its holdings in iShares Fallen Angels USD Bond ETF by 2,741.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,304,419 shares of the company’s stock worth $36,237,000 after purchasing an additional 1,258,507 shares in the last quarter. Invesco Ltd. increased its holdings in iShares Fallen Angels USD Bond ETF by 722.5% during the 3rd quarter. Invesco Ltd. now owns 1,057,850 shares of the company’s stock worth $29,387,000 after purchasing an additional 929,241 shares in the last quarter. Bank of America Corp DE raised its stake in shares of iShares Fallen Angels USD Bond ETF by 14.7% in the 3rd quarter. Bank of America Corp DE now owns 6,877,280 shares of the company’s stock valued at $191,051,000 after purchasing an additional 883,753 shares during the period. Finally, State of Tennessee Department of Treasury lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 20.5% in the second quarter. State of Tennessee Department of Treasury now owns 3,428,800 shares of the company’s stock valued at $93,058,000 after purchasing an additional 582,591 shares in the last quarter.

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.