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

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) saw unusually-high trading volume on Tuesday . Approximately 2,340,643 shares changed hands during mid-day trading, an increase of 96% from the previous session’s volume of 1,196,742 shares.The stock last traded at $27.08 and had previously closed at $27.02.

iShares Fallen Angels USD Bond ETF Stock Up 0.1%

The company’s fifty day simple moving average is $26.94 and its 200 day simple moving average is $27.25.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were issued a $0.1516 dividend. The ex-dividend date was Friday, May 1st.

Institutional Trading of iShares Fallen Angels USD Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Grp LLC purchased a new stake in iShares Fallen Angels USD Bond ETF in the first quarter worth about $26,000. 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 worth $28,000 after buying an additional 428 shares during the period. Flagship Harbor Advisors LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter valued at approximately $30,000. RMG Wealth Management LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF during the first quarter valued at approximately $31,000. Finally, Golden State Wealth Management LLC increased its stake in shares of iShares Fallen Angels USD Bond ETF by 94.2% during the third quarter. Golden State Wealth Management LLC now owns 1,429 shares of the company’s stock valued at $40,000 after purchasing an additional 693 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.