Capital Wealth Management LLC Grows Position in iShares Fallen Angels USD Bond ETF $FALN

Capital Wealth Management LLC grew its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 25.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 243,797 shares of the company’s stock after purchasing an additional 49,644 shares during the quarter. iShares Fallen Angels USD Bond ETF comprises approximately 1.8% of Capital Wealth Management LLC’s portfolio, making the stock its 17th biggest holding. Capital Wealth Management LLC owned 0.36% of iShares Fallen Angels USD Bond ETF worth $6,514,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of FALN. L.K. Benson & Company P.C. lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 1.9% during the 4th quarter. L.K. Benson & Company P.C. now owns 20,493 shares of the company’s stock valued at $559,000 after buying an additional 390 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of iShares Fallen Angels USD Bond ETF by 73.2% during the 4th 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 period. Exchange Bank raised its stake in shares of iShares Fallen Angels USD Bond ETF by 1.8% during the 4th quarter. Exchange Bank now owns 26,854 shares of the company’s stock valued at $733,000 after purchasing an additional 464 shares during the period. Intergy Private Wealth LLC lifted its holdings in iShares Fallen Angels USD Bond ETF by 5.1% during the 1st quarter. Intergy Private Wealth LLC now owns 9,685 shares of the company’s stock worth $259,000 after purchasing an additional 468 shares in the last quarter. Finally, Fifth Third Securities Inc. lifted its holdings in iShares Fallen Angels USD Bond ETF by 0.9% during the 4th quarter. Fifth Third Securities Inc. now owns 62,393 shares of the company’s stock worth $1,703,000 after purchasing an additional 535 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of NASDAQ FALN opened at $27.16 on Wednesday. iShares Fallen Angels USD Bond ETF has a 52 week low of $26.37 and a 52 week high of $27.79. The business has a 50-day simple moving average of $27.08 and a two-hundred day simple moving average of $27.20.

iShares Fallen Angels USD Bond ETF Increases Dividend

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

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.