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

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

iShares Fallen Angels USD Bond ETF Trading Down 0.4%

FALN traded down $0.12 during trading on Wednesday, hitting $27.12. The company’s stock had a trading volume of 1,983,109 shares, compared to its average volume of 1,197,060. The firm’s 50 day moving average price is $27.08 and its 200-day moving average price is $27.19. iShares Fallen Angels USD Bond ETF has a twelve month low of $26.37 and a twelve month high of $27.79.

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.