Symphony Financial Ltd. Co. Purchases 2,039 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Symphony Financial Ltd. Co. lifted its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 8.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,290 shares of the company’s stock after acquiring an additional 2,039 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in iShares Fallen Angels USD Bond ETF were worth $738,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in FALN. Northwestern Mutual Wealth Management Co. lifted its stake in iShares Fallen Angels USD Bond ETF by 78.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 18,435 shares of the company’s stock worth $483,000 after purchasing an additional 8,133 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF during the 2nd quarter worth approximately $535,000. Breakwater Capital Group boosted its holdings in iShares Fallen Angels USD Bond ETF by 8.2% during the 3rd quarter. Breakwater Capital Group now owns 293,959 shares of the company’s stock valued at $8,037,000 after acquiring an additional 22,196 shares during the period. Alpha Financial Partners LLC bought a new position in iShares Fallen Angels USD Bond ETF in the 3rd quarter valued at $223,000. Finally, City Center Advisors LLC increased its stake in iShares Fallen Angels USD Bond ETF by 28.1% in the third quarter. City Center Advisors LLC now owns 13,707 shares of the company’s stock worth $375,000 after purchasing an additional 3,003 shares during the period.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of FALN opened at $27.07 on Friday. iShares Fallen Angels USD Bond ETF has a 12-month low of $25.90 and a 12-month high of $27.43. The firm has a fifty day moving average price of $26.96 and a 200-day moving average price of $26.98.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a $0.1371 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $1.64 annualized dividend and a dividend yield of 6.08%.

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.