Envestnet Asset Management Inc. Has $7 Million Position in iShares Fallen Angels USD Bond ETF $FALN

Envestnet Asset Management Inc. cut its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 83.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 251,987 shares of the company’s stock after selling 1,301,723 shares during the quarter. Envestnet Asset Management Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $7,000,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FALN. CoreCap Advisors LLC lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 72.4% in the 3rd quarter. CoreCap Advisors LLC now owns 1,179 shares of the company’s stock valued at $33,000 after purchasing an additional 495 shares during the period. Golden State Wealth Management LLC lifted its stake in iShares Fallen Angels USD Bond ETF by 94.2% in the third quarter. Golden State Wealth Management LLC now owns 1,429 shares of the company’s stock valued at $40,000 after buying an additional 693 shares during the period. Orion Capital Management LLC boosted its holdings in iShares Fallen Angels USD Bond ETF by 158.7% during the second quarter. Orion Capital Management LLC now owns 5,000 shares of the company’s stock worth $136,000 after buying an additional 3,067 shares during the last quarter. Bank of Montreal Can boosted its holdings in iShares Fallen Angels USD Bond ETF by 9.6% during the second quarter. Bank of Montreal Can now owns 6,410 shares of the company’s stock worth $174,000 after buying an additional 560 shares during the last quarter. Finally, Apollon Wealth Management LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the 3rd quarter worth about $206,000.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of FALN stock opened at $27.65 on Friday. The stock has a 50-day moving average of $27.46 and a 200-day moving average of $27.44. 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 Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a $0.1473 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15. This represents a c) annualized dividend and a yield of 6.4%.

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.