Asset Allocation Strategies LLC Reduces Stock Position in iShares Fallen Angels USD Bond ETF $FALN

Asset Allocation Strategies LLC cut its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 18.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 185,041 shares of the company’s stock after selling 42,940 shares during the period. iShares Fallen Angels USD Bond ETF accounts for 1.0% of Asset Allocation Strategies LLC’s portfolio, making the stock its 26th biggest position. Asset Allocation Strategies LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $5,140,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of FALN. HighTower Advisors LLC raised its stake in iShares Fallen Angels USD Bond ETF by 32.3% in the first quarter. HighTower Advisors LLC now owns 10,664 shares of the company’s stock worth $286,000 after buying an additional 2,606 shares in the last quarter. Raymond James Financial Inc. boosted its stake in iShares Fallen Angels USD Bond ETF by 126.9% during the first quarter. Raymond James Financial Inc. now owns 370,217 shares of the company’s stock worth $9,918,000 after acquiring an additional 207,071 shares in the last quarter. Ameriprise Financial Inc. increased its stake in 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 valued at $55,448,000 after purchasing an additional 476,097 shares in the last quarter. Compound Planning Inc. increased its holdings in iShares Fallen Angels USD Bond ETF by 4.9% in the 1st quarter. Compound Planning Inc. now owns 10,318 shares of the company’s stock worth $276,000 after buying an additional 483 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its position in iShares Fallen Angels USD Bond ETF by 61.5% in the 1st quarter. Kestra Advisory Services LLC now owns 71,972 shares of the company’s stock worth $1,928,000 after buying an additional 27,401 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

FALN opened at $27.34 on Thursday. iShares Fallen Angels USD Bond ETF has a twelve month low of $24.82 and a twelve month high of $27.79. The firm has a 50 day moving average price of $27.44 and a 200-day moving average price of $27.25.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, December 1st were given a $0.1454 dividend. The ex-dividend date was Monday, December 1st. This represents a c) annualized dividend and a yield of 6.4%.

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.