HF Advisory Group LLC Purchases 23,217 Shares of iShares Fallen Angels USD Bond ETF $FALN

HF Advisory Group LLC boosted its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 9.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 268,800 shares of the company’s stock after acquiring an additional 23,217 shares during the quarter. iShares Fallen Angels USD Bond ETF accounts for approximately 2.4% of HF Advisory Group LLC’s investment portfolio, making the stock its 2nd biggest holding. HF Advisory Group LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $7,182,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FALN. Global Retirement Partners LLC grew its position in shares of 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 acquiring an additional 428 shares during the period. Flagship Harbor Advisors LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter valued at about $30,000. CoreCap Advisors LLC raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 46.4% in the 4th quarter. CoreCap Advisors LLC now owns 1,726 shares of the company’s stock valued at $47,000 after purchasing an additional 547 shares during the period. Camelot Portfolios LLC acquired a new stake in iShares Fallen Angels USD Bond ETF in the 4th quarter valued at about $55,000. Finally, Gilpin Wealth Management LLC acquired a new stake in iShares Fallen Angels USD Bond ETF in the 4th quarter valued at about $58,000.

iShares Fallen Angels USD Bond ETF Trading Down 0.1%

iShares Fallen Angels USD Bond ETF stock opened at $27.19 on Friday. iShares Fallen Angels USD Bond ETF has a 52 week low of $26.37 and a 52 week high of $27.79. The stock has a 50-day simple moving average of $27.08 and a 200 day simple moving average of $27.20.

iShares Fallen Angels USD Bond ETF Increases Dividend

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

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.