Prime Capital Investment Advisors LLC Acquires 30,058 Shares of iShares Fallen Angels USD Bond ETF $FALN

Prime Capital Investment Advisors LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 30,058 shares of the company’s stock, valued at approximately $779,000.

Several other large investors also recently bought and sold shares of FALN. Root Financial Partners LLC increased its holdings in iShares Fallen Angels USD Bond ETF by 6.1% in the 1st quarter. Root Financial Partners LLC now owns 6,477 shares of the company’s stock worth $173,000 after buying an additional 375 shares in the last quarter. Box Hill Private Wealth LLC lifted its stake in iShares Fallen Angels USD Bond ETF by 4.2% during the 3rd quarter. Box Hill Private Wealth LLC now owns 12,118 shares of the company’s stock valued at $314,000 after acquiring an additional 483 shares during the period. Arete Wealth Advisors LLC lifted its stake in iShares Fallen Angels USD Bond ETF by 4.4% during the 1st quarter. Arete Wealth Advisors LLC now owns 11,766 shares of the company’s stock valued at $314,000 after acquiring an additional 500 shares during the period. Dynamic Advisor Solutions LLC lifted its stake in iShares Fallen Angels USD Bond ETF by 2.1% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 24,399 shares of the company’s stock valued at $665,000 after acquiring an additional 500 shares during the period. Finally, CoreCap Advisors LLC lifted its stake in iShares Fallen Angels USD Bond ETF by 27.0% during the 2nd quarter. CoreCap Advisors LLC now owns 2,359 shares of the company’s stock valued at $64,000 after acquiring an additional 501 shares during the period.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of NASDAQ FALN opened at $25.78 on Friday. The firm’s 50-day moving average price is $26.37 and its 200-day moving average price is $26.82. 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 announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a $0.1471 dividend. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.1425. This represents a $1.77 annualized dividend and a yield of 6.8%. The ex-dividend date was Thursday, October 1st.

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.