Flow Traders U.S. LLC Buys New Shares in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Flow Traders U.S. LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,503 shares of the company’s stock, valued at approximately $216,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Concord Wealth Partners grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 69.4% during the 2nd quarter. Concord Wealth Partners now owns 1,152 shares of the company’s stock valued at $29,000 after purchasing an additional 472 shares during the last quarter. Howe & Rusling Inc. grew its holdings in 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 acquiring an additional 772 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in 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 acquiring an additional 492 shares during the last quarter. Stonebridge Capital Advisors LLC grew its holdings in 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 acquiring an additional 3,002 shares during the last quarter. Finally, WealthPLAN Partners LLC bought a new stake in iShares Fallen Angels USD Bond ETF in the 1st quarter worth $139,000.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of iShares Fallen Angels USD Bond ETF stock opened at $25.48 on Tuesday. iShares Fallen Angels USD Bond ETF has a 12-month low of $24.12 and a 12-month high of $25.86. The company’s fifty day simple moving average is $24.79 and its two-hundred day simple moving average is $25.00.

iShares Fallen Angels USD Bond ETF Cuts Dividend

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

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.