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

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) shares saw an uptick in trading volume on Tuesday . 1,020,832 shares changed hands during mid-day trading, a decline of 17% from the previous session’s volume of 1,226,985 shares.The stock last traded at $27.02 and had previously closed at $26.94.

iShares Fallen Angels USD Bond ETF Trading Up 0.3%

The firm’s fifty day moving average price is $27.04 and its two-hundred day moving average price is $27.31.

iShares Fallen Angels USD Bond ETF Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, May 6th. Investors of record on Friday, May 1st will be given a $0.1516 dividend. The ex-dividend date of this dividend is Friday, May 1st.

Institutional Trading of iShares Fallen Angels USD Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC increased its position in iShares Fallen Angels USD Bond ETF by 6.1% in the 1st quarter. Root Financial Partners LLC now owns 6,477 shares of the company’s stock valued at $173,000 after buying an additional 375 shares in the last quarter. L.K. Benson & Company P.C. increased its position in iShares Fallen Angels USD Bond ETF by 1.9% in the 4th quarter. L.K. Benson & Company P.C. now owns 20,493 shares of the company’s stock valued at $559,000 after buying an additional 390 shares in the last quarter. Global Retirement Partners LLC increased its position 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 valued at $28,000 after buying an additional 428 shares in the last quarter. Cornerstone Planning Group LLC increased its position in iShares Fallen Angels USD Bond ETF by 0.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 101,248 shares of the company’s stock valued at $2,792,000 after buying an additional 457 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its position in iShares Fallen Angels USD Bond ETF by 1.7% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 27,547 shares of the company’s stock valued at $765,000 after buying an additional 462 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.