HighTower Advisors LLC Purchases 40,443 Shares of iShares Fallen Angels USD Bond ETF $FALN

HighTower Advisors LLC increased its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 527.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,114 shares of the company’s stock after buying an additional 40,443 shares during the period. HighTower Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $1,314,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of FALN. 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 buying an additional 1,258,507 shares during the last quarter. Invesco Ltd. lifted its stake in iShares Fallen Angels USD Bond ETF by 722.5% in the third quarter. Invesco Ltd. now owns 1,057,850 shares of the company’s stock valued at $29,387,000 after buying an additional 929,241 shares during the period. Bank of America Corp DE lifted its stake in iShares Fallen Angels USD Bond ETF by 14.7% in the third 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 lifted its stake in iShares Fallen Angels USD Bond ETF by 20.5% in the second 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 period. Finally, State of New Jersey Common Pension Fund D acquired a new position in iShares Fallen Angels USD Bond ETF in the fourth quarter valued at approximately $9,555,000.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of FALN opened at $26.97 on Thursday. iShares Fallen Angels USD Bond ETF has a 52-week low of $26.37 and a 52-week high of $27.79. The business’s 50 day moving average price is $26.99 and its two-hundred day moving average price is $27.23.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Monday, June 1st will be paid a $0.1491 dividend. This represents a c) annualized dividend and a yield of 6.6%. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Monday, June 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.