iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) to Issue $0.14 Monthly Dividend

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) announced a monthly dividend on Tuesday, June 30th, NASDAQ Dividends reports. Shareholders of record on Wednesday, July 1st will be paid a dividend of 0.141 per share on Tuesday, July 7th. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Wednesday, July 1st.

iShares Fallen Angels USD Bond ETF Trading Down 0.4%

NASDAQ:FALN traded down $0.12 on Wednesday, hitting $27.12. The stock had a trading volume of 1,983,109 shares, compared to its average volume of 1,197,060. iShares Fallen Angels USD Bond ETF has a 1 year low of $26.37 and a 1 year high of $27.79. The firm’s fifty day simple moving average is $27.08 and its two-hundred day simple moving average is $27.19.

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.