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

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) announced a monthly dividend on Monday, August 31st. Shareholders 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 yield of 6.4%. The ex-dividend date is Tuesday, September 1st.

iShares Fallen Angels USD Bond ETF Price Performance

FALN traded down $0.24 during midday trading on Tuesday, hitting $26.77. 661,179 shares of the company were exchanged, compared to its average volume of 1,079,456. The company’s 50 day simple moving average is $27.05 and its 200 day simple moving average is $27.07. iShares Fallen Angels USD Bond ETF has a 1-year low of $26.37 and a 1-year high of $27.79.

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.