Mutual Advisors LLC Trims Stock Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Mutual Advisors LLC reduced its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 88.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,105 shares of the company’s stock after selling 119,143 shares during the quarter. Mutual Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $399,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. US Financial Advisors LLC grew its position in shares of iShares Fallen Angels USD Bond ETF by 0.9% in the 3rd quarter. US Financial Advisors LLC now owns 74,294 shares of the company’s stock worth $1,842,000 after buying an additional 655 shares during the period. Scotia Capital Inc. purchased a new stake in shares of iShares Fallen Angels USD Bond ETF in the 3rd quarter worth about $217,000. Brookstone Capital Management grew its position in shares of iShares Fallen Angels USD Bond ETF by 3.7% in the 4th quarter. Brookstone Capital Management now owns 27,834 shares of the company’s stock worth $735,000 after buying an additional 995 shares during the period. Provence Wealth Management Group purchased a new stake in shares of iShares Fallen Angels USD Bond ETF in the 3rd quarter worth about $150,000. Finally, Raymond James & Associates grew its position in shares of iShares Fallen Angels USD Bond ETF by 10.1% in the 3rd quarter. Raymond James & Associates now owns 23,623 shares of the company’s stock worth $586,000 after buying an additional 2,168 shares during the period.

iShares Fallen Angels USD Bond ETF Trading Down 0.1 %

Shares of iShares Fallen Angels USD Bond ETF stock opened at $26.86 on Friday. The firm’s 50-day moving average is $26.60 and its 200 day moving average is $25.84. iShares Fallen Angels USD Bond ETF has a 1 year low of $24.12 and a 1 year high of $26.92.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Thursday, March 7th. Investors of record on Monday, March 4th were paid a $0.1345 dividend. This represents a $1.61 dividend on an annualized basis and a yield of 6.01%. The ex-dividend date was Friday, March 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.