Bank of New Hampshire Lowers Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Bank of New Hampshire reduced its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 2.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 22,194 shares of the company’s stock after selling 665 shares during the quarter. Bank of New Hampshire’s holdings in iShares Fallen Angels USD Bond ETF were worth $586,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Glass Jacobson Investment Advisors llc bought a new position in iShares Fallen Angels USD Bond ETF in the 3rd quarter valued at $27,000. Private Trust Co. NA grew its stake in shares of iShares Fallen Angels USD Bond ETF by 19.6% during the 4th quarter. Private Trust Co. NA now owns 3,290 shares of the company’s stock worth $87,000 after acquiring an additional 540 shares during the period. Consultiva Wealth Management CORP. purchased a new position in shares of iShares Fallen Angels USD Bond ETF during the 3rd quarter valued at about $98,000. Tennessee Valley Asset Management Partners purchased a new position in iShares Fallen Angels USD Bond ETF in the 4th quarter worth approximately $149,000. Finally, Provence Wealth Management Group purchased a new position in iShares Fallen Angels USD Bond ETF in the 3rd quarter worth approximately $150,000.

iShares Fallen Angels USD Bond ETF Price Performance

iShares Fallen Angels USD Bond ETF stock traded down $0.06 during trading hours on Thursday, reaching $26.16. The company had a trading volume of 301,493 shares, compared to its average volume of 781,726. The company has a 50-day moving average price of $26.52 and a 200 day moving average price of $26.04. iShares Fallen Angels USD Bond ETF has a 12-month low of $24.12 and a 12-month high of $26.92.

iShares Fallen Angels USD Bond ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were paid a $0.1692 dividend. The ex-dividend date of this dividend was Monday, April 1st. This represents a $2.03 dividend on an annualized basis and a yield of 7.76%.

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.