Private Advisor Group LLC Cuts Stock Position in iShares Fallen Angels USD Bond ETF $FALN

Private Advisor Group LLC trimmed its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 17.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 316,837 shares of the company’s stock after selling 68,930 shares during the period. Private Advisor Group LLC owned about 0.46% of iShares Fallen Angels USD Bond ETF worth $8,466,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in FALN. JPMorgan Chase & Co. grew its position in shares of iShares Fallen Angels USD Bond ETF by 2,741.1% during the third quarter. JPMorgan Chase & Co. now owns 1,304,419 shares of the company’s stock worth $36,237,000 after purchasing an additional 1,258,507 shares in the last quarter. Invesco Ltd. boosted its stake in iShares Fallen Angels USD Bond ETF by 722.5% in the 3rd quarter. Invesco Ltd. now owns 1,057,850 shares of the company’s stock worth $29,387,000 after purchasing an additional 929,241 shares during the period. Bank of America Corp DE boosted its stake in iShares Fallen Angels USD Bond ETF by 14.7% in the 3rd quarter. Bank of America Corp DE now owns 6,877,280 shares of the company’s stock worth $191,051,000 after purchasing an additional 883,753 shares during the period. LPL Financial LLC grew its holdings in iShares Fallen Angels USD Bond ETF by 54.7% during the 4th quarter. LPL Financial LLC now owns 2,429,052 shares of the company’s stock valued at $66,313,000 after buying an additional 858,396 shares in the last quarter. Finally, State of Tennessee Department of Treasury grew its holdings in iShares Fallen Angels USD Bond ETF by 20.5% during the 2nd quarter. State of Tennessee Department of Treasury now owns 3,428,800 shares of the company’s stock valued at $93,058,000 after buying an additional 582,591 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

iShares Fallen Angels USD Bond ETF stock opened at $27.17 on Monday. iShares Fallen Angels USD Bond ETF has a 1 year low of $26.37 and a 1 year high of $27.79. The firm’s 50 day moving average price is $27.07 and its 200-day moving average price is $27.19.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st will be paid a dividend of $0.141 per share. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Wednesday, July 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.