iShares Fallen Angels USD Bond ETF $FALN Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 906.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 344,730 shares of the company’s stock after purchasing an additional 310,481 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.51% of iShares Fallen Angels USD Bond ETF worth $9,463,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of FALN. Bank of America Corp DE boosted its holdings in shares of 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 valued at $191,051,000 after buying an additional 883,753 shares during the period. State of Tennessee Department of Treasury grew its position in shares of 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 valued at $93,058,000 after buying an additional 582,591 shares during the last quarter. Allworth Financial LP raised its stake in iShares Fallen Angels USD Bond ETF by 4.0% during the third quarter. Allworth Financial LP now owns 1,332,768 shares of the company’s stock worth $37,024,000 after acquiring an additional 51,119 shares during the period. JPMorgan Chase & Co. raised its stake in 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 worth $36,237,000 after acquiring an additional 1,258,507 shares during the period. Finally, Ocean Park Asset Management LLC lifted its holdings in iShares Fallen Angels USD Bond ETF by 41.7% in the third quarter. Ocean Park Asset Management LLC now owns 1,133,100 shares of the company’s stock worth $31,478,000 after acquiring an additional 333,600 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of NASDAQ FALN opened at $26.41 on Friday. The firm’s 50-day moving average price is $27.27 and its two-hundred day moving average price is $27.41. iShares Fallen Angels USD Bond ETF has a 52-week low of $24.82 and a 52-week 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. Investors of record on Monday, March 2nd were issued a $0.1506 dividend. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 6.8%.

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.