Family Asset Management LLC Lowers Stock Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Family Asset Management LLC decreased its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 32.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,922 shares of the company’s stock after selling 10,043 shares during the period. Family Asset Management LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $572,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in FALN. Western Financial Corp CA lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 1.5% in the 3rd quarter. Western Financial Corp CA now owns 25,771 shares of the company’s stock valued at $705,000 after acquiring an additional 390 shares during the last quarter. Insight Wealth Partners LLC grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 0.5% in the second quarter. Insight Wealth Partners LLC now owns 101,950 shares of the company’s stock worth $2,670,000 after purchasing an additional 482 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in shares of iShares Fallen Angels USD Bond ETF by 6.2% in the first quarter. Avantax Advisory Services Inc. now owns 9,484 shares of the company’s stock worth $255,000 after buying an additional 553 shares during the period. Invst LLC increased its stake 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 worth $454,000 after buying an additional 630 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its stake in shares of iShares Fallen Angels USD Bond ETF by 3.9% in the second quarter. Dynamic Advisor Solutions LLC now owns 17,928 shares of the company’s stock worth $470,000 after purchasing an additional 666 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Trading Up 0.0 %

FALN traded up $0.01 during midday trading on Wednesday, reaching $26.91. 512,465 shares of the company’s stock traded hands, compared to its average volume of 702,761. iShares Fallen Angels USD Bond ETF has a 52 week low of $25.00 and a 52 week high of $27.43. The firm has a fifty day moving average of $27.13 and a two-hundred day moving average of $26.72.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 6th. Investors of record on Friday, November 1st will be issued a $0.1409 dividend. The ex-dividend date is Friday, November 1st. This represents a $1.69 annualized dividend and a yield of 6.28%. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14.

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.