Country Trust Bank Has $4.72 Million Holdings in iShares Fallen Angels USD Bond ETF $FALN

Country Trust Bank cut its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 44.4% in the third quarter, Holdings Channel reports. The firm owned 170,000 shares of the company’s stock after selling 136,000 shares during the period. Country Trust Bank’s holdings in iShares Fallen Angels USD Bond ETF were worth $4,723,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in FALN. Municipal Employees Retirement System of Michigan acquired a new position in iShares Fallen Angels USD Bond ETF in the second quarter worth approximately $94,354,000. State of Tennessee Department of Treasury grew its position in iShares Fallen Angels USD Bond ETF by 20.5% in the second quarter. State of Tennessee Department of Treasury now owns 3,428,800 shares of the company’s stock worth $93,058,000 after acquiring an additional 582,591 shares in the last quarter. Allworth Financial LP increased its stake in shares of iShares Fallen Angels USD Bond ETF by 2.6% during the 2nd quarter. Allworth Financial LP now owns 1,281,649 shares of the company’s stock worth $34,784,000 after purchasing an additional 32,272 shares during the last quarter. Ocean Park Asset Management LLC raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 41.7% during the 3rd quarter. Ocean Park Asset Management LLC now owns 1,133,100 shares of the company’s stock valued at $31,478,000 after purchasing an additional 333,600 shares in the last quarter. Finally, Novem Group raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 6.5% during the 2nd quarter. Novem Group now owns 572,052 shares of the company’s stock valued at $15,525,000 after purchasing an additional 34,706 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Trading Down 0.0%

Shares of NASDAQ:FALN opened at $27.53 on Friday. iShares Fallen Angels USD Bond ETF has a 1 year low of $24.82 and a 1 year high of $27.79. The firm has a fifty day moving average price of $27.39 and a 200 day moving average price of $27.35.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were paid a dividend of $0.1466 per share. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date was Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 6.4%.

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.