Golden State Equity Partners Boosts Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Golden State Equity Partners raised its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 15.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,269 shares of the company’s stock after purchasing an additional 1,800 shares during the period. Golden State Equity Partners’ holdings in iShares Fallen Angels USD Bond ETF were worth $354,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Western Financial Corp CA lifted its holdings in iShares Fallen Angels USD Bond ETF by 1.5% during the third quarter. Western Financial Corp CA now owns 25,771 shares of the company’s stock valued at $705,000 after purchasing an additional 390 shares in the last quarter. Virtue Capital Management LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 0.6% in the third quarter. Virtue Capital Management LLC now owns 70,213 shares of the company’s stock valued at $1,920,000 after buying an additional 401 shares during the last quarter. Kingsview Wealth Management LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 2.1% in the third quarter. Kingsview Wealth Management LLC now owns 19,733 shares of the company’s stock valued at $540,000 after buying an additional 415 shares during the last quarter. FOCUS Wealth Advisors LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 0.8% in the fourth quarter. FOCUS Wealth Advisors LLC now owns 67,698 shares of the company’s stock valued at $1,808,000 after buying an additional 534 shares during the last quarter. Finally, Atomi Financial Group Inc. raised its position in shares of iShares Fallen Angels USD Bond ETF by 7.5% in the fourth quarter. Atomi Financial Group Inc. now owns 9,835 shares of the company’s stock valued at $263,000 after buying an additional 683 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Trading Down 0.6 %

Shares of NASDAQ FALN opened at $26.90 on Tuesday. The firm has a 50-day simple moving average of $26.96 and a 200-day simple moving average of $26.99. iShares Fallen Angels USD Bond ETF has a 52 week low of $25.90 and a 52 week high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd will be given a $0.1433 dividend. This is a boost from iShares Fallen Angels USD Bond ETF’s previous dividend of $0.14. The ex-dividend date of this dividend is Monday, February 3rd.

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.