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

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

iShares Fallen Angels USD Bond ETF Price Performance

Shares of FALN traded down $0.45 during mid-day trading on Wednesday, hitting $26.64. 360,069 shares of the company’s stock were exchanged, compared to its average volume of 716,353. The business’s 50 day moving average is $27.09 and its two-hundred day moving average is $26.88. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $25.90 and a fifty-two week 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.