Tcfg Wealth Management LLC Buys New Position in iShares Fallen Angels USD Bond ETF $FALN

Tcfg Wealth Management LLC purchased a new position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 40,130 shares of the company’s stock, valued at approximately $1,115,000.

A number of other large investors have also modified their holdings of the business. JPMorgan Chase & Co. increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 2,741.1% during the third quarter. JPMorgan Chase & Co. now owns 1,304,419 shares of the company’s stock valued at $36,237,000 after acquiring an additional 1,258,507 shares in the last quarter. Invesco Ltd. boosted its stake in iShares Fallen Angels USD Bond ETF by 722.5% in the 3rd quarter. Invesco Ltd. now owns 1,057,850 shares of the company’s stock worth $29,387,000 after purchasing an additional 929,241 shares in the last quarter. Bank of America Corp DE boosted its stake in iShares Fallen Angels USD Bond ETF by 14.7% in the 3rd quarter. Bank of America Corp DE now owns 6,877,280 shares of the company’s stock worth $191,051,000 after purchasing an additional 883,753 shares in the last quarter. State of Tennessee Department of Treasury grew its position in iShares Fallen Angels USD Bond ETF by 20.5% during the 2nd quarter. State of Tennessee Department of Treasury now owns 3,428,800 shares of the company’s stock worth $93,058,000 after purchasing an additional 582,591 shares during the last quarter. Finally, Ocean Park Asset Management LLC grew its position in 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 worth $31,478,000 after purchasing an additional 333,600 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of iShares Fallen Angels USD Bond ETF stock opened at $26.70 on Thursday. The firm’s 50 day simple moving average is $27.40 and its two-hundred day simple moving average is $27.44. iShares Fallen Angels USD Bond ETF has a 12-month low of $24.82 and a 12-month 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, March 5th. Investors of record on Monday, March 2nd were given a $0.1506 dividend. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15.

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.