iShares Fallen Angels USD Bond ETF $FALN Shares Purchased by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan raised its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,657,064 shares of the company’s stock after buying an additional 180,505 shares during the period. iShares Fallen Angels USD Bond ETF makes up 1.1% of Municipal Employees Retirement System of Michigan’s portfolio, making the stock its 18th biggest position. Municipal Employees Retirement System of Michigan owned about 5.39% of iShares Fallen Angels USD Bond ETF worth $99,838,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Dara Capital US Inc. acquired a new position in iShares Fallen Angels USD Bond ETF during the 4th quarter valued at about $719,000. Petix & Botte Co increased its stake in iShares Fallen Angels USD Bond ETF by 13.6% during the 3rd quarter. Petix & Botte Co now owns 189,919 shares of the company’s stock valued at $5,276,000 after buying an additional 22,715 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in iShares Fallen Angels USD Bond ETF by 906.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 344,730 shares of the company’s stock valued at $9,463,000 after buying an additional 310,481 shares during the period. Stratos Wealth Partners LTD. acquired a new position in iShares Fallen Angels USD Bond ETF during the 4th quarter valued at about $7,744,000. Finally, Allworth Financial LP increased its stake in iShares Fallen Angels USD Bond ETF by 4.0% during the 3rd quarter. Allworth Financial LP now owns 1,332,768 shares of the company’s stock valued at $37,024,000 after buying an additional 51,119 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Performance

NASDAQ:FALN opened at $27.02 on Friday. iShares Fallen Angels USD Bond ETF has a twelve month low of $26.26 and a twelve month high of $27.79. The company has a 50-day moving average of $26.93 and a 200-day moving average of $27.25.

iShares Fallen Angels USD Bond ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were paid a $0.1516 dividend. The ex-dividend date was Friday, May 1st.

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.