iShares Fallen Angels USD Bond ETF $FALN Shares Bought by HF Advisory Group LLC

HF Advisory Group LLC increased its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 9.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 268,800 shares of the company’s stock after buying an additional 23,217 shares during the quarter. iShares Fallen Angels USD Bond ETF accounts for about 2.4% of HF Advisory Group LLC’s portfolio, making the stock its 2nd biggest holding. HF Advisory Group LLC owned about 0.40% of iShares Fallen Angels USD Bond ETF worth $7,182,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Global Retirement Partners LLC grew 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 worth $28,000 after acquiring an additional 428 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in iShares Fallen Angels USD Bond ETF during the fourth quarter worth $30,000. CoreCap Advisors LLC grew its position in 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 purchasing an additional 547 shares in the last quarter. Camelot Portfolios LLC acquired a new stake in iShares Fallen Angels USD Bond ETF in the 4th quarter valued at $55,000. Finally, Gilpin Wealth Management LLC bought a new stake in iShares Fallen Angels USD Bond ETF during the 4th quarter worth about $58,000.

iShares Fallen Angels USD Bond ETF Stock Performance

iShares Fallen Angels USD Bond ETF stock opened at $27.19 on Friday. The firm has a 50-day moving average of $27.08 and a 200-day moving average of $27.20. iShares Fallen Angels USD Bond ETF has a one year low of $26.37 and a one year high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were paid a $0.1491 dividend. 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 yield of 6.6%. The ex-dividend date was Monday, June 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.