iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Sees Unusually-High Trading Volume – Should You Buy?

Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) saw strong trading volume on Thursday . 1,457,216 shares were traded during trading, an increase of 103% from the previous session’s volume of 717,048 shares.The stock last traded at $26.75 and had previously closed at $26.72.

iShares Fallen Angels USD Bond ETF Stock Up 0.1 %

The business’s 50 day moving average is $27.03 and its 200 day moving average is $26.89.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a $0.1371 dividend. This represents a $1.64 annualized dividend and a dividend yield of 6.15%. The ex-dividend date was Wednesday, December 18th.

Institutional Investors Weigh In On iShares Fallen Angels USD Bond ETF

Institutional investors have recently added to or reduced their stakes in the stock. Mather Group LLC. boosted its stake in iShares Fallen Angels USD Bond ETF by 27.0% in the third quarter. Mather Group LLC. now owns 8,991,241 shares of the company’s stock valued at $245,821,000 after acquiring an additional 1,913,910 shares in the last quarter. Angeles Investment Advisors LLC boosted its position in shares of iShares Fallen Angels USD Bond ETF by 39.8% in the 3rd quarter. Angeles Investment Advisors LLC now owns 1,294,400 shares of the company’s stock worth $35,389,000 after purchasing an additional 368,400 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in iShares Fallen Angels USD Bond ETF by 52.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 831,984 shares of the company’s stock worth $22,746,000 after buying an additional 287,900 shares during the last quarter. OneDigital Investment Advisors LLC increased its position in iShares Fallen Angels USD Bond ETF by 53.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 602,539 shares of the company’s stock valued at $16,473,000 after buying an additional 208,699 shares in the last quarter. Finally, Strategic Financial Concepts LLC increased its position in iShares Fallen Angels USD Bond ETF by 385.1% during the 2nd quarter. Strategic Financial Concepts LLC now owns 222,350 shares of the company’s stock valued at $58,000 after buying an additional 176,515 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.