iShares Fallen Angels USD Bond ETF Declares Monthly Dividend of $0.14 (NASDAQ:FALN)

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) declared a monthly dividend on Monday, August 31st. Stockholders of record on Tuesday, September 1st will be given a dividend of 0.1425 per share on Friday, September 4th. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date is Tuesday, September 1st.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of iShares Fallen Angels USD Bond ETF stock traded down $0.24 during midday trading on Tuesday, hitting $26.77. The company had a trading volume of 661,179 shares, compared to its average volume of 1,079,456. The company has a fifty day simple moving average of $27.05 and a 200 day simple moving average of $27.07. iShares Fallen Angels USD Bond ETF has a 12-month low of $26.37 and a 12-month high of $27.79.

Institutional Investors Weigh In On iShares Fallen Angels USD Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its position in shares of iShares Fallen Angels USD Bond ETF by 32.3% in the 1st quarter. Royal Bank of Canada now owns 301,573 shares of the company’s stock valued at $8,079,000 after acquiring an additional 73,579 shares during the period. NewEdge Advisors LLC grew its stake in iShares Fallen Angels USD Bond ETF by 13.3% during the 1st quarter. NewEdge Advisors LLC now owns 14,703 shares of the company’s stock valued at $394,000 after purchasing an additional 1,728 shares during the last quarter. JPMorgan Chase & Co. grew its stake in iShares Fallen Angels USD Bond ETF by 2.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 45,912 shares of the company’s stock valued at $1,246,000 after purchasing an additional 1,269 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the second quarter valued at about $255,000. Finally, Diversify Wealth Management LLC increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 3.0% in the second quarter. Diversify Wealth Management LLC now owns 124,852 shares of the company’s stock valued at $3,382,000 after purchasing an additional 3,603 shares during the period.

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.