Baker Avenue Asset Management LP Acquires 106,505 Shares of iShares Fallen Angels USD Bond ETF $FALN

Baker Avenue Asset Management LP increased its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 49.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 323,024 shares of the company’s stock after acquiring an additional 106,505 shares during the period. Baker Avenue Asset Management LP’s holdings in iShares Fallen Angels USD Bond ETF were worth $8,767,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FALN. Allworth Financial LP boosted its position in shares of iShares Fallen Angels USD Bond ETF by 2.6% during the second quarter. Allworth Financial LP now owns 1,281,649 shares of the company’s stock valued at $34,784,000 after buying an additional 32,272 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 29.9% during the 1st quarter. Ameriprise Financial Inc. now owns 2,068,827 shares of the company’s stock worth $55,448,000 after acquiring an additional 476,097 shares during the last quarter. HighTower Advisors LLC boosted its holdings in iShares Fallen Angels USD Bond ETF by 32.3% during the 1st quarter. HighTower Advisors LLC now owns 10,664 shares of the company’s stock valued at $286,000 after acquiring an additional 2,606 shares during the period. AE Wealth Management LLC grew its position in iShares Fallen Angels USD Bond ETF by 28.4% in the 2nd quarter. AE Wealth Management LLC now owns 44,057 shares of the company’s stock valued at $1,196,000 after acquiring an additional 9,743 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its stake in iShares Fallen Angels USD Bond ETF by 25.0% in the second quarter. Vontobel Holding Ltd. now owns 10,000 shares of the company’s stock worth $271,000 after purchasing an additional 2,000 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Down 0.1%

Shares of NASDAQ:FALN opened at $27.47 on Monday. The firm’s 50 day simple moving average is $27.49 and its 200-day simple moving average is $27.21. iShares Fallen Angels USD Bond ETF has a one year low of $24.82 and a one year high of $27.79.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, December 1st were given a dividend of $0.1454 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%.

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.