Mercer Global Advisors Inc. ADV Sells 5,046 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Mercer Global Advisors Inc. ADV lowered its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 4.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,154 shares of the company’s stock after selling 5,046 shares during the period. Mercer Global Advisors Inc. ADV owned approximately 0.18% of iShares Fallen Angels USD Bond ETF worth $3,016,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Aveo Capital Partners LLC boosted its position in shares of iShares Fallen Angels USD Bond ETF by 17.9% in the 4th quarter. Aveo Capital Partners LLC now owns 20,729 shares of the company’s stock worth $547,000 after purchasing an additional 3,153 shares in the last quarter. Avantax Advisory Services Inc. bought a new stake in iShares Fallen Angels USD Bond ETF in the fourth quarter worth $236,000. Janney Montgomery Scott LLC grew its stake in shares of iShares Fallen Angels USD Bond ETF by 12.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 89,993 shares of the company’s stock worth $2,375,000 after acquiring an additional 10,214 shares during the last quarter. UBS Group AG increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 20.6% during the fourth quarter. UBS Group AG now owns 979,606 shares of the company’s stock valued at $25,862,000 after acquiring an additional 167,472 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of iShares Fallen Angels USD Bond ETF by 517.4% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 257,686 shares of the company’s stock worth $6,803,000 after purchasing an additional 215,950 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of FALN stock opened at $27.36 on Monday. iShares Fallen Angels USD Bond ETF has a one year low of $24.12 and a one year high of $27.43. The company’s 50-day moving average is $26.90 and its 200 day moving average is $26.60.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.1348 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.