iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Shares Sold by Kraematon Investment Advisors Inc.

Kraematon Investment Advisors Inc. lessened its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 138,395 shares of the company’s stock after selling 589 shares during the period. iShares Fallen Angels USD Bond ETF accounts for approximately 3.9% of Kraematon Investment Advisors Inc.’s investment portfolio, making the stock its 6th biggest position. Kraematon Investment Advisors Inc. owned approximately 0.25% of iShares Fallen Angels USD Bond ETF worth $3,511,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of FALN. Sound Financial Strategies Group LLC acquired a new stake in iShares Fallen Angels USD Bond ETF in the 2nd quarter valued at about $61,593,000. Jane Street Group LLC raised its holdings in iShares Fallen Angels USD Bond ETF by 177.7% in the 1st quarter. Jane Street Group LLC now owns 3,791,552 shares of the company’s stock valued at $105,253,000 after acquiring an additional 2,426,217 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in iShares Fallen Angels USD Bond ETF by 1,374.2% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 1,720,400 shares of the company’s stock valued at $43,475,000 after acquiring an additional 1,603,700 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in iShares Fallen Angels USD Bond ETF by 13.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 9,405,820 shares of the company’s stock valued at $238,626,000 after acquiring an additional 1,112,462 shares during the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC acquired a new stake in iShares Fallen Angels USD Bond ETF in the 2nd quarter valued at about $26,457,000.

iShares Fallen Angels USD Bond ETF Stock Up 0.0 %

FALN stock traded up $0.01 during mid-day trading on Monday, reaching $25.49. The company’s stock had a trading volume of 173,502 shares, compared to its average volume of 1,151,496. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $24.12 and a fifty-two week high of $25.86. The company’s 50 day moving average is $24.78 and its two-hundred day moving average is $25.00.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, November 7th. Shareholders of record on Thursday, November 2nd were issued a $0.113 dividend. The ex-dividend date of this dividend was Wednesday, November 1st. This represents a $1.36 dividend on an annualized basis and a yield of 5.32%.

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.