iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Reaches New 52-Week Low – Should You Sell?

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) reached a new 52-week low during trading on Friday . The stock traded as low as $25.76 and last traded at $25.82, with a volume of 2737645 shares traded. The stock had previously closed at $26.29.

iShares Fallen Angels USD Bond ETF Trading Down 2.2 %

The firm’s fifty day moving average is $26.91 and its 200 day moving average is $26.99.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were given a $0.1408 dividend. This represents a $1.69 annualized dividend and a yield of 6.57%. The ex-dividend date of this dividend was Tuesday, April 1st. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14.

Institutional Trading of iShares Fallen Angels USD Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Glass Jacobson Investment Advisors llc lifted its holdings in iShares Fallen Angels USD Bond ETF by 62.9% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 1,855 shares of the company’s stock valued at $50,000 after buying an additional 716 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in iShares Fallen Angels USD Bond ETF in the third quarter worth approximately $55,000. Orion Capital Management LLC purchased a new position in iShares Fallen Angels USD Bond ETF during the 4th quarter worth $74,000. Oak Grove Capital LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the fourth quarter valued at about $200,000. Finally, Cornerstone Wealth Management LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter worth approximately $204,000.

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.