HF Advisory Group LLC Raises Holdings in iShares Fallen Angels USD Bond ETF $FALN

HF Advisory Group LLC grew its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 31.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 295,873 shares of the company’s stock after purchasing an additional 71,170 shares during the period. HF Advisory Group LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $8,077,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Ashton Thomas Securities LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the third quarter valued at $2,169,000. Orion Porfolio Solutions LLC raised its position in iShares Fallen Angels USD Bond ETF by 102.6% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 65,320 shares of the company’s stock worth $1,773,000 after buying an additional 33,082 shares during the last quarter. Baker Avenue Asset Management LP raised its position in iShares Fallen Angels USD Bond ETF by 49.2% in the 2nd quarter. Baker Avenue Asset Management LP now owns 323,024 shares of the company’s stock worth $8,767,000 after buying an additional 106,505 shares during the last quarter. Transamerica Financial Advisors LLC bought a new position in iShares Fallen Angels USD Bond ETF during the 2nd quarter valued at about $5,096,000. Finally, Independence Financial Advisors LLC lifted its stake in iShares Fallen Angels USD Bond ETF by 175.1% during the 3rd quarter. Independence Financial Advisors LLC now owns 451,249 shares of the company’s stock valued at $12,536,000 after acquiring an additional 287,244 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Up 0.0%

Shares of NASDAQ FALN opened at $26.73 on Thursday. The firm’s 50-day moving average price is $27.22 and its 200-day moving average price is $27.39. iShares Fallen Angels USD Bond ETF has a 52-week low of $24.82 and a 52-week high of $27.79.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 7th. Investors of record on Wednesday, April 1st will be issued a $0.142 dividend. The ex-dividend date is Wednesday, April 1st. This represents a c) annualized dividend and a yield of 6.4%.

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.