12,315 Shares in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Bought by Sanders Morris Harris LLC

Sanders Morris Harris LLC bought a new position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,315 shares of the company’s stock, valued at approximately $312,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CoreCap Advisors LLC acquired a new position in iShares Fallen Angels USD Bond ETF during the fourth quarter worth $26,000. Howe & Rusling Inc. raised its stake in iShares Fallen Angels USD Bond ETF by 151.4% during the first quarter. Howe & Rusling Inc. now owns 1,282 shares of the company’s stock worth $32,000 after acquiring an additional 772 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in iShares Fallen Angels USD Bond ETF by 35.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,885 shares of the company’s stock worth $46,000 after acquiring an additional 492 shares in the last quarter. Stonebridge Capital Advisors LLC raised its stake in iShares Fallen Angels USD Bond ETF by 2,729.1% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 3,112 shares of the company’s stock worth $77,000 after acquiring an additional 3,002 shares in the last quarter. Finally, Cardinal Strategic Wealth Guidance acquired a new position in iShares Fallen Angels USD Bond ETF during the first quarter worth $113,000.

iShares Fallen Angels USD Bond ETF Trading Down 0.3 %

iShares Fallen Angels USD Bond ETF stock opened at $25.25 on Friday. The stock has a fifty day moving average price of $25.27 and a two-hundred day moving average price of $25.10. iShares Fallen Angels USD Bond ETF has a 52-week low of $23.41 and a 52-week high of $25.86.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, September 8th. Shareholders of record on Tuesday, September 5th were paid a dividend of $0.116 per share. The ex-dividend date was Friday, September 1st. This represents a $1.39 annualized dividend and a yield of 5.51%.

iShares Fallen Angels USD Bond ETF Company 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.