Outlook Wealth Advisors LLC Trims Stock Position in iShares Fallen Angels USD Bond ETF $FALN

Outlook Wealth Advisors LLC lessened its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 59.0% during the first quarter, HoldingsChannel.com reports. The fund owned 25,446 shares of the company’s stock after selling 36,650 shares during the period. Outlook Wealth Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $680,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC boosted its holdings in iShares Fallen Angels USD Bond ETF by 73.2% in the 4th quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock valued at $28,000 after purchasing an additional 428 shares during the period. Flagship Harbor Advisors LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter valued at $30,000. CoreCap Advisors LLC increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 46.4% in the fourth quarter. CoreCap Advisors LLC now owns 1,726 shares of the company’s stock worth $47,000 after purchasing an additional 547 shares during the period. Camelot Portfolios LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF in the fourth quarter worth $55,000. Finally, Gilpin Wealth Management LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF in the fourth quarter worth $58,000.

iShares Fallen Angels USD Bond ETF Trading Down 0.1%

Shares of FALN stock opened at $27.16 on Tuesday. iShares Fallen Angels USD Bond ETF has a 52-week low of $26.37 and a 52-week high of $27.79. The business’s fifty day moving average is $27.07 and its 200 day moving average is $27.21.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were paid a $0.1491 dividend. The ex-dividend date was Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 6.6%. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14.

iShares Fallen Angels USD Bond ETF 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.