Cornerstone Wealth Management LLC Purchases New Holdings in iShares Fallen Angels USD Bond ETF $FALN

Cornerstone Wealth Management LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 32,983 shares of the company’s stock, valued at approximately $855,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Wellington Grp LLC acquired a new position in iShares Fallen Angels USD Bond ETF in the first quarter valued at approximately $26,000. RMG Wealth Management LLC bought a new position in iShares Fallen Angels USD Bond ETF in the first quarter valued at approximately $31,000. Root Financial Partners LLC acquired a new stake in iShares Fallen Angels USD Bond ETF during the 3rd quarter worth $32,000. Asset Dedication LLC acquired a new stake in iShares Fallen Angels USD Bond ETF during the 3rd quarter worth $34,000. Finally, Beacon Financial Strategies CORP acquired a new stake in iShares Fallen Angels USD Bond ETF during the 2nd quarter worth $50,000.

iShares Fallen Angels USD Bond ETF Trading Down 0.7%

Shares of iShares Fallen Angels USD Bond ETF stock opened at $25.69 on Friday. The firm has a fifty day moving average of $26.06 and a two-hundred day moving average of $26.84. iShares Fallen Angels USD Bond ETF has a 52 week low of $25.55 and a 52 week high of $27.68.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were given a $0.1341 dividend. The ex-dividend date was Monday, November 2nd. This represents a $1.61 annualized dividend and a dividend yield of 6.3%. This is a decrease from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.1471.

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.