Valley Wealth Managers Inc. Boosts Stock Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Valley Wealth Managers Inc. grew its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 3.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,940 shares of the company’s stock after buying an additional 1,092 shares during the quarter. Valley Wealth Managers Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $819,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Mather Group LLC. grew its position in iShares Fallen Angels USD Bond ETF by 27.0% during the 3rd quarter. Mather Group LLC. now owns 8,991,241 shares of the company’s stock worth $245,821,000 after acquiring an additional 1,913,910 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 182.5% in the first quarter. Cetera Investment Advisers now owns 768,476 shares of the company’s stock worth $20,641,000 after purchasing an additional 496,455 shares during the last quarter. Angeles Investment Advisors LLC increased its stake in shares of iShares Fallen Angels USD Bond ETF by 39.8% in the third quarter. Angeles Investment Advisors LLC now owns 1,294,400 shares of the company’s stock worth $35,389,000 after buying an additional 368,400 shares during the period. Toews Corp ADV bought a new stake in iShares Fallen Angels USD Bond ETF during the 2nd quarter valued at $6,927,000. Finally, OneDigital Investment Advisors LLC raised its holdings in iShares Fallen Angels USD Bond ETF by 53.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 602,539 shares of the company’s stock valued at $16,473,000 after buying an additional 208,699 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of iShares Fallen Angels USD Bond ETF stock opened at $27.01 on Friday. The company’s fifty day simple moving average is $27.13 and its two-hundred day simple moving average is $26.76. iShares Fallen Angels USD Bond ETF has a 12-month low of $25.33 and a 12-month high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were paid a $0.1409 dividend. The ex-dividend date of this dividend was Friday, November 1st. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. This represents a $1.69 annualized dividend and a dividend yield of 6.26%.

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.