35,608 Shares in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Purchased by Client 1ST Advisory Group LLC

Client 1ST Advisory Group LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 35,608 shares of the company’s stock, valued at approximately $951,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Drucker Wealth 3.0 LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF in the second quarter valued at approximately $341,000. Creative Planning boosted its stake in iShares Fallen Angels USD Bond ETF by 4.5% during the 2nd quarter. Creative Planning now owns 459,991 shares of the company’s stock valued at $12,047,000 after purchasing an additional 19,809 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares Fallen Angels USD Bond ETF by 78.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 18,435 shares of the company’s stock valued at $483,000 after purchasing an additional 8,133 shares during the period. Sunbelt Securities Inc. raised its stake in shares of iShares Fallen Angels USD Bond ETF by 11.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 26,063 shares of the company’s stock worth $683,000 after buying an additional 2,575 shares in the last quarter. Finally, Invst LLC lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 3.7% in the second quarter. Invst LLC now owns 17,461 shares of the company’s stock valued at $454,000 after buying an additional 630 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Up 0.1 %

Shares of FALN stock opened at $26.99 on Monday. The stock has a 50-day simple moving average of $26.96 and a 200 day simple moving average of $26.95. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $25.90 and a fifty-two week high of $27.43.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a dividend of $0.1371 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $1.64 annualized dividend and a dividend yield of 6.09%.

iShares Fallen Angels USD Bond ETF Company 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.