iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Hits New 12-Month High at $27.43

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $27.43 and last traded at $27.36, with a volume of 12504 shares traded. The stock had previously closed at $27.30.

iShares Fallen Angels USD Bond ETF Price Performance

The stock has a 50-day simple moving average of $26.90 and a 200-day simple moving average of $26.60.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a $0.1348 dividend. The ex-dividend date was Tuesday, September 3rd.

Hedge Funds Weigh In On iShares Fallen Angels USD Bond ETF

Several hedge funds have recently made changes to their positions in FALN. Insight Wealth Partners LLC grew its position in iShares Fallen Angels USD Bond ETF by 0.5% during the second quarter. Insight Wealth Partners LLC now owns 101,950 shares of the company’s stock worth $2,670,000 after buying an additional 482 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in iShares Fallen Angels USD Bond ETF by 6.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 9,484 shares of the company’s stock valued at $255,000 after purchasing an additional 553 shares during the period. Invst LLC increased its holdings in iShares Fallen Angels USD Bond ETF by 3.7% during the 2nd quarter. Invst LLC now owns 17,461 shares of the company’s stock valued at $454,000 after purchasing an additional 630 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in iShares Fallen Angels USD Bond ETF by 3.9% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 17,928 shares of the company’s stock valued at $470,000 after purchasing an additional 666 shares during the period. Finally, Wealth Advisory Solutions LLC increased its holdings in iShares Fallen Angels USD Bond ETF by 1.5% during the 2nd quarter. Wealth Advisory Solutions LLC now owns 49,380 shares of the company’s stock valued at $1,293,000 after purchasing an additional 727 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.