87,870 Shares in iShares Fallen Angels USD Bond ETF $FALN Acquired by Napier Financial LLC

Napier Financial LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 87,870 shares of the company’s stock, valued at approximately $2,399,000. Napier Financial LLC owned approximately 0.13% of iShares Fallen Angels USD Bond ETF as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Dara Capital US Inc. purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter worth approximately $719,000. Petix & Botte Co grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 13.6% during the 3rd quarter. Petix & Botte Co now owns 189,919 shares of the company’s stock worth $5,276,000 after purchasing an additional 22,715 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 906.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 344,730 shares of the company’s stock worth $9,463,000 after purchasing an additional 310,481 shares during the period. Stratos Wealth Partners LTD. purchased a new position in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth $7,744,000. Finally, Allworth Financial LP grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 4.0% during the 3rd quarter. Allworth Financial LP now owns 1,332,768 shares of the company’s stock worth $37,024,000 after purchasing an additional 51,119 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Performance

NASDAQ FALN opened at $26.89 on Monday. iShares Fallen Angels USD Bond ETF has a twelve month low of $26.37 and a twelve month high of $27.79. The stock has a fifty day simple moving average of $27.00 and a 200-day simple moving average of $27.23.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were issued a dividend of $0.1491 per share. The ex-dividend date was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14.

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.