iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Sees Large Volume Increase – Should You Buy?

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) shares saw strong trading volume on Tuesday . 1,020,832 shares traded hands during trading, a decline of 17% from the previous session’s volume of 1,226,985 shares.The stock last traded at $27.02 and had previously closed at $26.94.

iShares Fallen Angels USD Bond ETF Stock Performance

The business’s fifty day moving average price is $27.04 and its 200 day moving average price is $27.31.

iShares Fallen Angels USD Bond ETF Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, May 6th. Investors of record on Friday, May 1st will be issued a $0.1516 dividend. The ex-dividend date is Friday, May 1st.

Hedge Funds Weigh In On iShares Fallen Angels USD Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC lifted its holdings in iShares Fallen Angels USD Bond ETF by 73.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock valued at $28,000 after buying an additional 428 shares during the period. Flagship Harbor Advisors LLC acquired a new position in iShares Fallen Angels USD Bond ETF in the fourth quarter valued at $30,000. CoreCap Advisors LLC lifted its holdings in iShares Fallen Angels USD Bond ETF by 72.4% in the third quarter. CoreCap Advisors LLC now owns 1,179 shares of the company’s stock valued at $33,000 after buying an additional 495 shares during the period. Golden State Wealth Management LLC lifted its holdings in iShares Fallen Angels USD Bond ETF by 94.2% in the third quarter. Golden State Wealth Management LLC now owns 1,429 shares of the company’s stock valued at $40,000 after buying an additional 693 shares during the period. Finally, Y.D. More Investments Ltd acquired a new position in iShares Fallen Angels USD Bond ETF in the first quarter valued at $53,000.

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.