iShares Fallen Angels USD Bond ETF $FALN Shares Bought by Ascentis Independent Advisors

Ascentis Independent Advisors raised its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 122.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,737 shares of the company’s stock after purchasing an additional 21,906 shares during the period. Ascentis Independent Advisors’ holdings in iShares Fallen Angels USD Bond ETF were worth $1,062,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FALN. Royal Bank of Canada raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 32.3% in the first quarter. Royal Bank of Canada now owns 301,573 shares of the company’s stock worth $8,079,000 after acquiring an additional 73,579 shares during the last quarter. NewEdge Advisors LLC increased its stake in iShares Fallen Angels USD Bond ETF by 13.3% in the first quarter. NewEdge Advisors LLC now owns 14,703 shares of the company’s stock valued at $394,000 after purchasing an additional 1,728 shares during the last quarter. JPMorgan Chase & Co. increased its stake in iShares Fallen Angels USD Bond ETF by 2.8% in the second quarter. JPMorgan Chase & Co. now owns 45,912 shares of the company’s stock valued at $1,246,000 after purchasing an additional 1,269 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in iShares Fallen Angels USD Bond ETF during the second quarter worth about $255,000. Finally, Diversify Wealth Management LLC lifted its position in iShares Fallen Angels USD Bond ETF by 3.0% during the second quarter. Diversify Wealth Management LLC now owns 124,852 shares of the company’s stock worth $3,382,000 after buying an additional 3,603 shares during the period.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of NASDAQ:FALN opened at $27.15 on Wednesday. The stock’s 50-day moving average price is $27.07 and its two-hundred day moving average price is $27.19. iShares Fallen Angels USD Bond ETF has a 12-month low of $26.37 and a 12-month high of $27.79.

iShares Fallen Angels USD Bond ETF Cuts Dividend

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

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.