Bright Futures Wealth Management LLC. Invests $739,000 in iShares Fallen Angels USD Bond ETF $FALN

Bright Futures Wealth Management LLC. acquired a new stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 26,614 shares of the company’s stock, valued at approximately $739,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Journey Strategic Wealth LLC acquired a new position in iShares Fallen Angels USD Bond ETF during the 3rd quarter worth $468,000. Arete Wealth Advisors LLC boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 12.9% in the 3rd quarter. Arete Wealth Advisors LLC now owns 11,466 shares of the company’s stock valued at $319,000 after buying an additional 1,306 shares during the period. Diversify Wealth Management LLC grew its position in shares of iShares Fallen Angels USD Bond ETF by 4.3% during the third quarter. Diversify Wealth Management LLC now owns 130,239 shares of the company’s stock worth $3,561,000 after buying an additional 5,387 shares in the last quarter. Integrated Advisors Network LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the third quarter worth about $210,000. Finally, US Bancorp DE raised its holdings in iShares Fallen Angels USD Bond ETF by 4.4% in the third quarter. US Bancorp DE now owns 113,715 shares of the company’s stock valued at $3,159,000 after acquiring an additional 4,843 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Trading Down 0.3%

Shares of iShares Fallen Angels USD Bond ETF stock opened at $27.57 on Monday. iShares Fallen Angels USD Bond ETF has a 52-week low of $24.82 and a 52-week high of $27.79. The company has a 50 day moving average of $27.49 and a 200 day moving average of $27.47.

iShares Fallen Angels USD Bond ETF Increases Dividend

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

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.