iShares Fallen Angels USD Bond ETF $FALN Shares Newly Bought by Park Avenue Securities LLC

Park Avenue Securities LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 57,551 shares of the company’s stock, valued at approximately $1,492,000. Park Avenue Securities LLC owned about 0.09% of iShares Fallen Angels USD Bond ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Grp LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF during the 1st quarter valued at about $26,000. RMG Wealth Management LLC bought a new stake in iShares Fallen Angels USD Bond ETF in the 1st quarter worth approximately $31,000. Root Financial Partners LLC bought a new stake in iShares Fallen Angels USD Bond ETF in the 3rd quarter worth approximately $32,000. Beacon Financial Strategies CORP purchased a new stake in iShares Fallen Angels USD Bond ETF in the second quarter worth approximately $50,000. Finally, Y.D. More Investments Ltd purchased a new stake in iShares Fallen Angels USD Bond ETF in the first quarter worth approximately $53,000.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of NASDAQ FALN opened at $25.93 on Monday. iShares Fallen Angels USD Bond ETF has a one year low of $25.55 and a one year high of $27.68. The firm’s 50 day simple moving average is $26.27 and its two-hundred day simple moving average is $26.91.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd will be issued a $0.1341 dividend. This represents a $1.61 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Monday, November 2nd. This is a negative change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.1471.

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.