iShares Fallen Angels USD Bond ETF $FALN Shares Sold by Mather Group LLC.

Mather Group LLC. lessened its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 21.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 72,347 shares of the company’s stock after selling 19,586 shares during the quarter. Mather Group LLC. owned approximately 0.11% of iShares Fallen Angels USD Bond ETF worth $1,975,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in iShares Fallen Angels USD Bond ETF in the 3rd quarter worth about $2,169,000. Orion Porfolio Solutions LLC grew its holdings in iShares Fallen Angels USD Bond ETF by 102.6% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 65,320 shares of the company’s stock valued at $1,773,000 after buying an additional 33,082 shares during the period. Baker Avenue Asset Management LP increased its stake in shares of iShares Fallen Angels USD Bond ETF by 49.2% during the 2nd quarter. Baker Avenue Asset Management LP now owns 323,024 shares of the company’s stock valued at $8,767,000 after acquiring an additional 106,505 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the 3rd quarter valued at about $4,206,000. Finally, Independence Financial Advisors LLC lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 175.1% during the 3rd quarter. Independence Financial Advisors LLC now owns 451,249 shares of the company’s stock worth $12,536,000 after acquiring an additional 287,244 shares during the period.

iShares Fallen Angels USD Bond ETF Price Performance

FALN opened at $26.41 on Friday. The company’s 50 day simple moving average is $27.27 and its 200 day simple moving average is $27.41. iShares Fallen Angels USD Bond ETF has a 1 year low of $24.82 and a 1 year high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.1506 per share. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend was Monday, March 2nd.

iShares Fallen Angels USD Bond ETF Company 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.