Cetera Advisor Networks LLC Buys 47,765 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Cetera Advisor Networks LLC raised its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALNFree Report) by 38.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 172,527 shares of the company’s stock after acquiring an additional 47,765 shares during the quarter. Cetera Advisor Networks LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $4,555,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. SouthState Corp acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter valued at $30,000. First Horizon Advisors Inc. lifted its holdings in iShares Fallen Angels USD Bond ETF by 120.7% during the 4th quarter. First Horizon Advisors Inc. now owns 2,079 shares of the company’s stock valued at $55,000 after purchasing an additional 1,137 shares during the last quarter. Private Trust Co. NA boosted its position in iShares Fallen Angels USD Bond ETF by 19.6% in the fourth quarter. Private Trust Co. NA now owns 3,290 shares of the company’s stock valued at $87,000 after buying an additional 540 shares in the last quarter. Consultiva Wealth Management CORP. bought a new stake in iShares Fallen Angels USD Bond ETF during the third quarter worth about $98,000. Finally, Tennessee Valley Asset Management Partners acquired a new stake in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter worth approximately $149,000.

iShares Fallen Angels USD Bond ETF Trading Up 0.1 %

NASDAQ:FALN opened at $26.35 on Tuesday. iShares Fallen Angels USD Bond ETF has a 1 year low of $24.12 and a 1 year high of $26.92. The firm has a 50 day moving average of $26.38 and a 200-day moving average of $26.43.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, June 3rd were given a $0.1414 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.70 annualized dividend and a yield of 6.44%.

iShares Fallen Angels USD Bond ETF Profile

(Free Report)

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.

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Want to see what other hedge funds are holding FALN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Fallen Angels USD Bond ETF (NASDAQ:FALNFree Report).

Institutional Ownership by Quarter for iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

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