iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Declares Dividend Increase – $0.15 Per Share

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) declared a monthly dividend on Wednesday, September 30th. Investors of record on Thursday, October 1st will be paid a dividend of $0.1471 per share on Tuesday, October 6th. This represents a $1.77 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Thursday, October 1st. This is a 3.3% increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.1425.

iShares Fallen Angels USD Bond ETF Stock Down 0.3%

Shares of FALN opened at $25.93 on Thursday. iShares Fallen Angels USD Bond ETF has a 1 year low of $25.91 and a 1 year high of $27.77. The stock has a 50 day simple moving average of $26.77 and a two-hundred day simple moving average of $26.93.

Hedge Funds Weigh In On iShares Fallen Angels USD Bond ETF

A number of large investors have recently added to or reduced their stakes in FALN. Wellington Grp LLC purchased a new stake in iShares Fallen Angels USD Bond ETF during the first quarter valued at about $26,000. RMG Wealth Management LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the 1st quarter valued at about $31,000. Beacon Financial Strategies CORP bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the 2nd quarter valued at about $50,000. Y.D. More Investments Ltd purchased a new stake in iShares Fallen Angels USD Bond ETF during the 1st quarter valued at about $53,000. Finally, CoreCap Advisors LLC grew its position in iShares Fallen Angels USD Bond ETF by 27.0% during the 2nd quarter. CoreCap Advisors LLC now owns 2,359 shares of the company’s stock worth $64,000 after acquiring an additional 501 shares during the last quarter.

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.