Sequent Planning LLC Buys 536 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Sequent Planning LLC increased its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 5.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,233 shares of the company’s stock after buying an additional 536 shares during the quarter. Sequent Planning LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $300,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Virtue Capital Management LLC increased its stake in 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 worth $1,920,000 after purchasing an additional 401 shares during the period. Kingsview Wealth Management LLC increased 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 valued at $540,000 after buying an additional 415 shares during the period. FOCUS Wealth Advisors LLC increased its stake in shares of iShares Fallen Angels USD Bond ETF by 0.8% during 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 period. Principal Securities Inc. increased its stake in shares of iShares Fallen Angels USD Bond ETF by 1.3% during the fourth quarter. Principal Securities Inc. now owns 41,515 shares of the company’s stock valued at $1,109,000 after buying an additional 550 shares during the period. Finally, AlphaCentric Advisors LLC increased its stake in shares of iShares Fallen Angels USD Bond ETF by 6.6% during the fourth quarter. AlphaCentric Advisors LLC now owns 9,443 shares of the company’s stock valued at $252,000 after buying an additional 586 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of iShares Fallen Angels USD Bond ETF stock opened at $26.92 on Monday. iShares Fallen Angels USD Bond ETF has a 12 month low of $25.90 and a 12 month high of $27.43. The stock’s fifty day moving average price is $26.97 and its 200-day moving average price is $27.02.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid a $0.1372 dividend. The ex-dividend date was Monday, March 3rd.

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.