iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Sees Strong Trading Volume – What’s Next?

Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) saw unusually-strong trading volume on Tuesday . Approximately 2,340,643 shares traded 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 Price Performance

The company has a 50 day simple moving average of $26.95 and a 200-day simple moving average of $27.24.

iShares Fallen Angels USD Bond ETF Dividend Announcement

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

Institutional Trading of iShares Fallen Angels USD Bond ETF

Several large investors have recently modified their holdings of the business. Wellington Grp LLC bought a new stake in iShares Fallen Angels USD Bond ETF in the first quarter valued at $26,000. Global Retirement Partners LLC raised its holdings in iShares Fallen Angels USD Bond ETF by 73.2% in the 4th quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock worth $28,000 after purchasing an additional 428 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter worth about $30,000. RMG Wealth Management LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF during the 1st quarter valued at about $31,000. Finally, Golden State Wealth Management LLC increased its position 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 buying an additional 693 shares during the period.

About iShares Fallen Angels USD Bond ETF

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.