Allworth Financial LP Buys 51,119 Shares of iShares Fallen Angels USD Bond ETF $FALN

Allworth Financial LP lifted its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 4.0% during the third quarter, HoldingsChannel.com reports. The fund owned 1,332,768 shares of the company’s stock after purchasing an additional 51,119 shares during the period. Allworth Financial LP’s holdings in iShares Fallen Angels USD Bond ETF were worth $37,024,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Royal Bank of Canada boosted its position in shares of iShares Fallen Angels USD Bond ETF by 32.3% during the first quarter. Royal Bank of Canada now owns 301,573 shares of the company’s stock worth $8,079,000 after purchasing an additional 73,579 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of iShares Fallen Angels USD Bond ETF by 13.3% in the 1st quarter. NewEdge Advisors LLC now owns 14,703 shares of the company’s stock valued at $394,000 after buying an additional 1,728 shares in the last quarter. Bank of Montreal Can raised its stake in iShares Fallen Angels USD Bond ETF by 9.6% during the 2nd 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 period. Kingsview Wealth Management LLC raised its stake in iShares Fallen Angels USD Bond ETF by 3.6% during the 2nd quarter. Kingsview Wealth Management LLC now owns 25,106 shares of the company’s stock worth $681,000 after buying an additional 863 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its holdings in iShares Fallen Angels USD Bond ETF by 303.8% during the second quarter. Rockefeller Capital Management L.P. now owns 54,798 shares of the company’s stock worth $1,487,000 after acquiring an additional 41,228 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

NASDAQ:FALN opened at $26.70 on Thursday. iShares Fallen Angels USD Bond ETF has a 1 year low of $24.82 and a 1 year high of $27.79. The stock has a 50-day moving average price of $27.40 and a two-hundred day moving average price of $27.44.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.1506 per share. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 6.8%.

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.