ESL Trust Services LLC Buys 130,297 Shares of iShares Fallen Angels USD Bond ETF $FALN

ESL Trust Services LLC increased its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 11.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,248,458 shares of the company’s stock after buying an additional 130,297 shares during the period. iShares Fallen Angels USD Bond ETF accounts for approximately 6.5% of ESL Trust Services LLC’s holdings, making the stock its 7th biggest holding. ESL Trust Services LLC owned about 1.84% of iShares Fallen Angels USD Bond ETF worth $34,083,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Global Retirement Partners LLC lifted its position in iShares Fallen Angels USD Bond ETF by 73.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock worth $28,000 after buying an additional 428 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter worth approximately $30,000. CoreCap Advisors LLC raised its stake in shares of iShares Fallen Angels USD Bond ETF by 46.4% during the fourth quarter. CoreCap Advisors LLC now owns 1,726 shares of the company’s stock worth $47,000 after buying an additional 547 shares during the last quarter. Camelot Portfolios LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter worth approximately $55,000. Finally, BNP Paribas Financial Markets raised its stake in shares of iShares Fallen Angels USD Bond ETF by 8,036.8% during the third quarter. BNP Paribas Financial Markets now owns 3,092 shares of the company’s stock worth $86,000 after buying an additional 3,054 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

FALN opened at $27.04 on Tuesday. The firm has a 50 day simple moving average of $26.97 and a 200 day simple moving average of $27.24. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $26.36 and a fifty-two week high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, June 4th. Investors of record on Monday, June 1st will be paid a dividend of $0.1491 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Monday, June 1st.

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.