Insight Wealth Partners LLC Has $2.94 Million Stock Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Insight Wealth Partners LLC boosted its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 5.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 107,533 shares of the company’s stock after purchasing an additional 5,583 shares during the quarter. iShares Fallen Angels USD Bond ETF comprises 0.6% of Insight Wealth Partners LLC’s holdings, making the stock its 19th largest holding. Insight Wealth Partners LLC owned 0.16% of iShares Fallen Angels USD Bond ETF worth $2,940,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Private Advisor Group LLC grew its stake in shares of iShares Fallen Angels USD Bond ETF by 70.6% in the 3rd quarter. Private Advisor Group LLC now owns 17,134 shares of the company’s stock valued at $468,000 after buying an additional 7,092 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 16.7% during the third quarter. Janney Montgomery Scott LLC now owns 48,547 shares of the company’s stock valued at $1,327,000 after acquiring an additional 6,957 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the second quarter worth approximately $49,000. Breakwater Capital Group lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 8.2% in the 3rd quarter. Breakwater Capital Group now owns 293,959 shares of the company’s stock worth $8,037,000 after purchasing an additional 22,196 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in iShares Fallen Angels USD Bond ETF by 182.5% in the 1st quarter. Cetera Investment Advisers now owns 768,476 shares of the company’s stock valued at $20,641,000 after purchasing an additional 496,455 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Performance

FALN opened at $27.11 on Wednesday. iShares Fallen Angels USD Bond ETF has a 1-year low of $25.52 and a 1-year high of $27.43. The company’s fifty day moving average price is $27.11 and its two-hundred day moving average price is $26.80.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were given a dividend of $0.1409 per share. The ex-dividend date of this dividend was Friday, November 1st. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. This represents a $1.69 annualized dividend and a dividend yield of 6.24%.

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.