iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Shares Bought by Breakwater Capital Group

Breakwater Capital Group grew its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 8.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 319,604 shares of the company’s stock after acquiring an additional 25,645 shares during the quarter. iShares Fallen Angels USD Bond ETF comprises approximately 1.7% of Breakwater Capital Group’s portfolio, making the stock its 11th biggest position. Breakwater Capital Group’s holdings in iShares Fallen Angels USD Bond ETF were worth $8,537,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of FALN. Western Financial Corp CA raised its stake in iShares Fallen Angels USD Bond ETF by 1.5% during the 3rd quarter. Western Financial Corp CA now owns 25,771 shares of the company’s stock valued at $705,000 after acquiring an additional 390 shares during the last quarter. Virtue Capital Management LLC raised its stake in shares of iShares Fallen Angels USD Bond ETF by 0.6% during the third quarter. Virtue Capital Management LLC now owns 70,213 shares of the company’s stock worth $1,920,000 after purchasing an additional 401 shares during the last quarter. Kingsview Wealth Management LLC raised its stake in shares of iShares Fallen Angels USD Bond ETF by 2.1% during the third quarter. Kingsview Wealth Management LLC now owns 19,733 shares of the company’s stock worth $540,000 after purchasing an additional 415 shares during the last quarter. Invst LLC lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 3.7% during the second quarter. Invst LLC now owns 17,461 shares of the company’s stock worth $454,000 after purchasing an additional 630 shares during the period. Finally, LexAurum Advisors LLC grew its position in iShares Fallen Angels USD Bond ETF by 3.3% in the 3rd quarter. LexAurum Advisors LLC now owns 24,444 shares of the company’s stock valued at $668,000 after buying an additional 776 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of FALN opened at $26.64 on Tuesday. iShares Fallen Angels USD Bond ETF has a 1 year low of $25.90 and a 1 year high of $27.43. The company’s fifty day moving average is $26.97 and its two-hundred day moving average is $26.93.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a dividend of $0.1371 per share. The ex-dividend date was Wednesday, December 18th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.17%.

iShares Fallen Angels USD Bond ETF Profile

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.