Ashton Thomas Securities LLC Purchases Shares of 78,052 iShares Fallen Angels USD Bond ETF $FALN

Ashton Thomas Securities LLC acquired a new position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the third quarter, Holdings Channel.com reports. The firm acquired 78,052 shares of the company’s stock, valued at approximately $2,169,000.

Several other institutional investors have also recently modified their holdings of FALN. Wolff Wiese Magana LLC lifted its position in iShares Fallen Angels USD Bond ETF by 86.9% in the 2nd quarter. Wolff Wiese Magana LLC now owns 1,125 shares of the company’s stock worth $31,000 after buying an additional 523 shares during the last quarter. CoreCap Advisors LLC grew its position in iShares Fallen Angels USD Bond ETF by 72.4% during the third quarter. CoreCap Advisors LLC now owns 1,179 shares of the company’s stock valued at $33,000 after acquiring an additional 495 shares during the last quarter. Private Trust Co. NA raised its stake in shares of 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 worth $84,000 after acquiring an additional 901 shares in the last quarter. Strategic Investment Solutions Inc. IL lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 82.4% in the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 3,472 shares of the company’s stock worth $94,000 after acquiring an additional 1,568 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF in the 2nd quarter valued at $122,000.

iShares Fallen Angels USD Bond ETF Stock Down 0.1%

FALN stock opened at $27.51 on Wednesday. The firm’s fifty day moving average is $27.38 and its 200 day moving average is $27.34. iShares Fallen Angels USD Bond ETF has a 52 week low of $24.82 and a 52 week high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

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