iShares Fallen Angels USD Bond ETF $FALN Shares Acquired by Petix & Botte Co

Petix & Botte Co lifted its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 13.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 189,919 shares of the company’s stock after purchasing an additional 22,715 shares during the period. iShares Fallen Angels USD Bond ETF makes up about 1.2% of Petix & Botte Co’s holdings, making the stock its 26th biggest position. Petix & Botte Co owned 0.29% of iShares Fallen Angels USD Bond ETF worth $5,276,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of FALN. CoreCap Advisors LLC raised its holdings in iShares Fallen Angels USD Bond ETF by 72.4% during the 3rd quarter. CoreCap Advisors LLC now owns 1,179 shares of the company’s stock worth $33,000 after buying an additional 495 shares during the period. Golden State Wealth Management LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 94.2% in the third quarter. Golden State Wealth Management LLC now owns 1,429 shares of the company’s stock worth $40,000 after buying an additional 693 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 8,036.8% in the third quarter. BNP Paribas Financial Markets now owns 3,092 shares of the company’s stock worth $86,000 after buying an additional 3,054 shares during the period. Orion Capital Management LLC increased its position in shares of iShares Fallen Angels USD Bond ETF by 9.6% in the third quarter. Orion Capital Management LLC now owns 5,480 shares of the company’s stock worth $152,000 after acquiring an additional 480 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of iShares Fallen Angels USD Bond ETF by 9.6% in the second quarter. Bank of Montreal Can now owns 6,410 shares of the company’s stock worth $174,000 after acquiring an additional 560 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

FALN stock opened at $26.88 on Wednesday. iShares Fallen Angels USD Bond ETF has a 52-week low of $24.82 and a 52-week high of $27.79. The company’s 50 day simple moving average is $27.42 and its 200-day simple moving average is $27.45.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1506 per share. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date was Monday, March 2nd. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15.

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.