ATX Financial Planning LLC Takes Position in iShares Fallen Angels USD Bond ETF $FALN

ATX Financial Planning LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 76,998 shares of the company’s stock, valued at approximately $2,057,000. iShares Fallen Angels USD Bond ETF comprises approximately 1.6% of ATX Financial Planning LLC’s investment portfolio, making the stock its 15th biggest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Global Retirement Partners LLC lifted its stake in iShares Fallen Angels USD Bond ETF by 73.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock valued at $28,000 after purchasing an additional 428 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the fourth quarter valued at $30,000. CoreCap Advisors LLC raised its stake in shares of iShares Fallen Angels USD Bond ETF by 46.4% in the fourth quarter. CoreCap Advisors LLC now owns 1,726 shares of the company’s stock valued at $47,000 after buying an additional 547 shares during the period. Camelot Portfolios LLC bought a new position in iShares Fallen Angels USD Bond ETF during the fourth quarter worth about $55,000. Finally, Gilpin Wealth Management LLC bought a new stake in iShares Fallen Angels USD Bond ETF during the 4th quarter valued at $58,000.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of NASDAQ:FALN opened at $27.12 on Friday. iShares Fallen Angels USD Bond ETF has a one year low of $26.37 and a one year high of $27.79. The firm has a fifty day moving average price of $27.07 and a two-hundred day moving average price of $27.18.

iShares Fallen Angels USD Bond ETF Cuts Dividend

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

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.