iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Declares $0.14 Monthly Dividend

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) declared a monthly dividend on Tuesday, December 17th,NASDAQ Dividends reports. Stockholders of record on Wednesday, December 18th will be paid a dividend of 0.1371 per share on Monday, December 23rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date of this dividend is Wednesday, December 18th.

iShares Fallen Angels USD Bond ETF Stock Down 1.7 %

Shares of iShares Fallen Angels USD Bond ETF stock traded down $0.45 during trading on Wednesday, reaching $26.64. The company’s stock had a trading volume of 360,069 shares, compared to its average volume of 716,353. The business has a 50 day moving average price of $27.09 and a 200-day moving average price of $26.88. iShares Fallen Angels USD Bond ETF has a 12-month low of $25.90 and a 12-month high of $27.43.

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.