Insight Advisors LLC PA Makes New $1.30 Million Investment in iShares Fallen Angels USD Bond ETF $FALN

Insight Advisors LLC PA purchased a new stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 50,217 shares of the company’s stock, valued at approximately $1,302,000. Insight Advisors LLC PA owned about 0.08% of iShares Fallen Angels USD Bond ETF at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in iShares Fallen Angels USD Bond ETF by 3.5% during the first quarter. Bank of America Corp DE now owns 7,519,795 shares of the company’s stock worth $200,929,000 after purchasing an additional 252,501 shares during the period. Novem Group raised its position in shares of iShares Fallen Angels USD Bond ETF by 5.7% in the third quarter. Novem Group now owns 726,067 shares of the company’s stock valued at $18,827,000 after purchasing an additional 39,022 shares during the period. Envestnet Asset Management Inc. raised its position in shares of iShares Fallen Angels USD Bond ETF by 5.4% in the second quarter. Envestnet Asset Management Inc. now owns 398,716 shares of the company’s stock valued at $10,861,000 after purchasing an additional 20,319 shares during the period. Breakwater Capital Group raised its position in shares of iShares Fallen Angels USD Bond ETF by 7.3% in the second quarter. Breakwater Capital Group now owns 385,762 shares of the company’s stock valued at $10,508,000 after purchasing an additional 26,127 shares during the period. Finally, HF Advisory Group LLC lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 9.5% during the 3rd quarter. HF Advisory Group LLC now owns 322,026 shares of the company’s stock worth $8,350,000 after buying an additional 27,918 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

NASDAQ FALN opened at $25.78 on Friday. The firm has a 50-day moving average of $26.40 and a 200-day moving average of $26.83. iShares Fallen Angels USD Bond ETF has a 52-week low of $25.55 and a 52-week high of $27.77.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a $0.1471 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $1.77 annualized dividend and a yield of 6.8%. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.1425.

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.