Assetmark Inc. Acquires 22,661 Shares of iShares Fallen Angels USD Bond ETF $FALN

Assetmark Inc. lifted its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 15.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 167,214 shares of the company’s stock after acquiring an additional 22,661 shares during the period. Assetmark Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $4,468,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of FALN. Bank of America Corp DE boosted its stake in iShares Fallen Angels USD Bond ETF by 14.7% in the third quarter. Bank of America Corp DE now owns 6,877,280 shares of the company’s stock valued at $191,051,000 after buying an additional 883,753 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in iShares Fallen Angels USD Bond ETF by 5.2% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 3,657,064 shares of the company’s stock worth $99,838,000 after acquiring an additional 180,505 shares in the last quarter. State of Tennessee Department of Treasury raised its stake in iShares Fallen Angels USD Bond ETF by 20.5% during the second quarter. State of Tennessee Department of Treasury now owns 3,428,800 shares of the company’s stock worth $93,058,000 after acquiring an additional 582,591 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 54.7% in the fourth quarter. LPL Financial LLC now owns 2,429,052 shares of the company’s stock worth $66,313,000 after acquiring an additional 858,396 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 33.4% in the fourth quarter. Invesco Ltd. now owns 1,411,465 shares of the company’s stock worth $38,533,000 after acquiring an additional 353,615 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

FALN opened at $26.99 on Thursday. The company’s 50 day moving average is $27.07 and its 200-day moving average is $27.17. iShares Fallen Angels USD Bond ETF has a 1-year low of $26.37 and a 1-year 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. Investors of record on Wednesday, July 1st were paid a $0.141 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 6.3%.

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.