iShares Fallen Angels USD Bond ETF $FALN Shares Acquired by Ashford Capital Management Inc.

Ashford Capital Management Inc. raised its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 72.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 239,038 shares of the company’s stock after acquiring an additional 100,245 shares during the quarter. Ashford Capital Management Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $6,526,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Global Retirement Partners LLC raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 73.2% during the fourth quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock valued at $28,000 after acquiring an additional 428 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter valued at approximately $30,000. CoreCap Advisors LLC raised its holdings 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 valued at $47,000 after acquiring an additional 547 shares during the last quarter. Camelot Portfolios LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF in the fourth quarter valued at approximately $55,000. Finally, Gilpin Wealth Management LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF in the fourth quarter valued at approximately $58,000.

iShares Fallen Angels USD Bond ETF Stock Performance

FALN stock opened at $27.17 on Wednesday. The business has a 50 day simple moving average of $27.06 and a 200-day simple moving average of $27.22. iShares Fallen Angels USD Bond ETF has a 1 year low of $26.37 and a 1 year high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were given a $0.1491 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date was Monday, June 1st.

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.