Martin Worley Group Acquires Shares of 99,183 iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Martin Worley Group bought a new position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 99,183 shares of the company’s stock, valued at approximately $2,649,000. iShares Fallen Angels USD Bond ETF makes up about 1.7% of Martin Worley Group’s holdings, making the stock its 20th biggest holding. Martin Worley Group owned about 0.14% of iShares Fallen Angels USD Bond ETF as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. HighTower Advisors LLC increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 360.5% in the third quarter. HighTower Advisors LLC now owns 38,861 shares of the company’s stock valued at $1,065,000 after purchasing an additional 30,422 shares during the last quarter. IHT Wealth Management LLC increased its stake in shares of iShares Fallen Angels USD Bond ETF by 87.9% in the 3rd quarter. IHT Wealth Management LLC now owns 31,099 shares of the company’s stock worth $849,000 after acquiring an additional 14,546 shares during the last quarter. MML Investors Services LLC increased its stake in shares of iShares Fallen Angels USD Bond ETF by 11.0% in the 3rd quarter. MML Investors Services LLC now owns 427,302 shares of the company’s stock worth $11,682,000 after acquiring an additional 42,327 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 52.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 831,984 shares of the company’s stock worth $22,746,000 after acquiring an additional 287,900 shares during the period. Finally, Executive Wealth Management LLC boosted its position in shares of iShares Fallen Angels USD Bond ETF by 10.6% during the 3rd quarter. Executive Wealth Management LLC now owns 324,004 shares of the company’s stock valued at $8,858,000 after acquiring an additional 31,055 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

iShares Fallen Angels USD Bond ETF stock opened at $26.76 on Thursday. The company has a 50-day moving average price of $26.96 and a 200 day moving average price of $27.01. iShares Fallen Angels USD Bond ETF has a 12-month low of $25.90 and a 12-month high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.1408 per share. This represents a $1.69 annualized dividend and a dividend yield of 6.31%. The ex-dividend date of this dividend is Tuesday, April 1st. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14.

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.