Outlook Wealth Advisors LLC Takes Position in iShares Fallen Angels USD Bond ETF $FALN

Outlook Wealth Advisors LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 63,465 shares of the company’s stock, valued at approximately $1,763,000. Outlook Wealth Advisors LLC owned approximately 0.09% of iShares Fallen Angels USD Bond ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 32.3% during the 1st quarter. Royal Bank of Canada now owns 301,573 shares of the company’s stock worth $8,079,000 after purchasing an additional 73,579 shares in the last quarter. NewEdge Advisors LLC increased its holdings in iShares Fallen Angels USD Bond ETF by 13.3% in the 1st quarter. NewEdge Advisors LLC now owns 14,703 shares of the company’s stock valued at $394,000 after buying an additional 1,728 shares during the period. Farther Finance Advisors LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 71.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 41,462 shares of the company’s stock valued at $1,125,000 after buying an additional 17,233 shares in the last quarter. Perigon Wealth Management LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 7.4% in the 2nd quarter. Perigon Wealth Management LLC now owns 74,826 shares of the company’s stock valued at $2,031,000 after buying an additional 5,165 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL boosted its position in shares of iShares Fallen Angels USD Bond ETF by 82.4% during the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 3,472 shares of the company’s stock worth $94,000 after acquiring an additional 1,568 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of FALN opened at $27.57 on Thursday. The firm has a 50 day simple moving average of $27.40 and a two-hundred day simple moving average of $27.36. iShares Fallen Angels USD Bond ETF has a one year low of $24.82 and a one year high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were given a dividend of $0.1466 per share. The ex-dividend date was Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 6.4%. This is an increase 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.