JPMorgan Chase & Co. Boosts Position in iShares Fallen Angels USD Bond ETF $FALN

JPMorgan Chase & Co. grew its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 2,741.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,304,419 shares of the company’s stock after acquiring an additional 1,258,507 shares during the period. JPMorgan Chase & Co. owned about 1.97% of iShares Fallen Angels USD Bond ETF worth $36,237,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FALN. CoreCap Advisors LLC lifted its position in iShares Fallen Angels USD Bond ETF by 72.4% during the third quarter. CoreCap Advisors LLC now owns 1,179 shares of the company’s stock valued at $33,000 after purchasing an additional 495 shares during the period. Golden State Wealth Management LLC raised its stake in shares of iShares Fallen Angels USD Bond ETF by 94.2% during the 3rd quarter. Golden State Wealth Management LLC now owns 1,429 shares of the company’s stock valued at $40,000 after buying an additional 693 shares during the last quarter. Orion Capital Management LLC raised its stake in shares of iShares Fallen Angels USD Bond ETF by 9.6% during the 3rd quarter. Orion Capital Management LLC now owns 5,480 shares of the company’s stock valued at $152,000 after buying an additional 480 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 9.6% in the 2nd quarter. Bank of Montreal Can now owns 6,410 shares of the company’s stock valued at $174,000 after buying an additional 560 shares during the period. Finally, Abich Financial Wealth Management LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF in the third quarter worth about $196,000.

iShares Fallen Angels USD Bond ETF Stock Down 0.3%

iShares Fallen Angels USD Bond ETF stock opened at $27.57 on Friday. The business’s 50-day moving average price is $27.49 and its 200 day moving average price is $27.46. iShares Fallen Angels USD Bond ETF has a 52 week low of $24.82 and a 52 week high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.1473 per share. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 6.4%.

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.