Cwm LLC Lowers Position in iShares Fallen Angels USD Bond ETF $FALN

Cwm LLC lessened its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 8.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 255,178 shares of the company’s stock after selling 24,731 shares during the period. Cwm LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $7,089,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in FALN. Wolff Wiese Magana LLC lifted its position in shares of iShares Fallen Angels USD Bond ETF by 86.9% during the 2nd quarter. Wolff Wiese Magana LLC now owns 1,125 shares of the company’s stock valued at $31,000 after buying an additional 523 shares in the last quarter. Anderson Financial Strategies LLC purchased a new position in iShares Fallen Angels USD Bond ETF during the first quarter valued at approximately $55,000. Private Trust Co. NA lifted its holdings in iShares Fallen Angels USD Bond ETF by 41.0% during the second quarter. Private Trust Co. NA now owns 3,101 shares of the company’s stock valued at $84,000 after purchasing an additional 901 shares in the last quarter. Strategic Investment Solutions Inc. IL boosted its position in shares of iShares Fallen Angels USD Bond ETF by 82.4% in the second quarter. Strategic Investment Solutions Inc. IL now owns 3,472 shares of the company’s stock worth $94,000 after purchasing an additional 1,568 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF in the second quarter worth $122,000.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of FALN stock opened at $27.34 on Wednesday. iShares Fallen Angels USD Bond ETF has a one year low of $24.82 and a one year high of $27.79. The company’s fifty day moving average price is $27.40 and its 200-day moving average price is $27.30.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were issued a dividend of $0.1466 per share. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend was Friday, December 19th.

About iShares Fallen Angels USD Bond ETF

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.