Cetera Investment Advisers Buys 69,727 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Cetera Investment Advisers grew its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 14.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 547,269 shares of the company’s stock after buying an additional 69,727 shares during the period. Cetera Investment Advisers’ holdings in iShares Fallen Angels USD Bond ETF were worth $13,884,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Financial Gravity Asset Management Inc. lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 2,404.0% in the 1st quarter. Financial Gravity Asset Management Inc. now owns 626 shares of the company’s stock worth $177,000 after purchasing an additional 601 shares in the last quarter. Concord Wealth Partners lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 69.4% in the 2nd quarter. Concord Wealth Partners now owns 1,152 shares of the company’s stock worth $29,000 after purchasing an additional 472 shares in the last quarter. Howe & Rusling Inc. lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 151.4% in the 1st quarter. Howe & Rusling Inc. now owns 1,282 shares of the company’s stock worth $32,000 after purchasing an additional 772 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 35.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,885 shares of the company’s stock worth $46,000 after purchasing an additional 492 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 2,729.1% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 3,112 shares of the company’s stock worth $77,000 after purchasing an additional 3,002 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Trading Up 1.0 %

Shares of FALN opened at $25.40 on Wednesday. iShares Fallen Angels USD Bond ETF has a 12-month low of $24.12 and a 12-month high of $25.86. The business’s fifty day moving average is $24.77 and its 200 day moving average is $24.98.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, November 7th. Investors of record on Thursday, November 2nd were given a $0.113 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date was Wednesday, November 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.