Fifth Third Bancorp Acquires 60,260 Shares of iShares Fallen Angels USD Bond ETF $FALN

Fifth Third Bancorp grew its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 4,899.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 61,490 shares of the company’s stock after acquiring an additional 60,260 shares during the period. Fifth Third Bancorp’s holdings in iShares Fallen Angels USD Bond ETF were worth $1,643,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 73.2% in 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 in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth $30,000. CoreCap Advisors LLC boosted its position in iShares Fallen Angels USD Bond ETF by 46.4% during 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 bought a new stake in iShares Fallen Angels USD Bond ETF during the fourth quarter valued at about $55,000. Finally, Gilpin Wealth Management LLC purchased a new position in iShares Fallen Angels USD Bond ETF in the fourth quarter valued at about $58,000.

iShares Fallen Angels USD Bond ETF Trading Down 0.5%

NASDAQ FALN opened at $26.86 on Friday. The company has a 50 day moving average price of $27.07 and a 200 day moving average price of $27.17. iShares Fallen Angels USD Bond ETF has a 52 week low of $26.37 and a 52 week high of $27.79.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.141 per share. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend 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.