254,219 Shares in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Acquired by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. acquired a new stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 254,219 shares of the company’s stock, valued at approximately $6,711,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. SouthState Corp purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth about $30,000. Aveo Capital Partners LLC raised its position in iShares Fallen Angels USD Bond ETF by 17.9% during the fourth quarter. Aveo Capital Partners LLC now owns 20,729 shares of the company’s stock valued at $547,000 after acquiring an additional 3,153 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in iShares Fallen Angels USD Bond ETF by 120.7% in the fourth quarter. First Horizon Advisors Inc. now owns 2,079 shares of the company’s stock valued at $55,000 after acquiring an additional 1,137 shares during the last quarter. Coombe Bender & Co LLC grew its position in iShares Fallen Angels USD Bond ETF by 11.2% in the fourth quarter. Coombe Bender & Co LLC now owns 40,505 shares of the company’s stock worth $1,069,000 after acquiring an additional 4,067 shares in the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth $16,210,000.

iShares Fallen Angels USD Bond ETF Stock Up 0.4 %

Shares of iShares Fallen Angels USD Bond ETF stock traded up $0.11 during midday trading on Friday, reaching $26.42. 1,712,922 shares of the company’s stock traded hands, compared to its average volume of 789,758. iShares Fallen Angels USD Bond ETF has a 52 week low of $24.12 and a 52 week high of $26.92. The company’s 50 day simple moving average is $26.49 and its 200 day simple moving average is $26.13.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Thursday, May 2nd will be given a $0.133 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.04%.

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.