Baker Avenue Asset Management LP Buys 534,470 Shares of iShares Fallen Angels USD Bond ETF $FALN

Baker Avenue Asset Management LP lifted its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 273.5% in the 4th quarter, Holdings Channel reports. The fund owned 729,905 shares of the company’s stock after acquiring an additional 534,470 shares during the quarter. Baker Avenue Asset Management LP’s holdings in iShares Fallen Angels USD Bond ETF were worth $19,926,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FALN. Royal Bank of Canada increased its position in shares of iShares Fallen Angels USD Bond ETF by 32.3% during 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 in the last quarter. NewEdge Advisors LLC increased its position in shares of iShares Fallen Angels USD Bond ETF by 13.3% during the first quarter. NewEdge Advisors LLC now owns 14,703 shares of the company’s stock worth $394,000 after acquiring an additional 1,728 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of iShares Fallen Angels USD Bond ETF by 2.8% during the second quarter. JPMorgan Chase & Co. now owns 45,912 shares of the company’s stock worth $1,246,000 after acquiring an additional 1,269 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of iShares Fallen Angels USD Bond ETF during the second quarter worth $255,000. Finally, Diversify Wealth Management LLC increased its position in shares of 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 acquiring an additional 3,603 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of FALN stock opened at $27.08 on Thursday. iShares Fallen Angels USD Bond ETF has a 12-month low of $26.36 and a 12-month high of $27.79. The firm has a fifty day moving average of $26.95 and a 200-day moving average of $27.24.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were given a $0.1516 dividend. The ex-dividend date of this dividend was Friday, May 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.