iShares Fallen Angels USD Bond ETF $FALN Shares Acquired by Independence Financial Advisors LLC

Independence Financial Advisors LLC lifted its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 175.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 451,249 shares of the company’s stock after acquiring an additional 287,244 shares during the period. iShares Fallen Angels USD Bond ETF comprises approximately 3.8% of Independence Financial Advisors LLC’s holdings, making the stock its 9th largest position. Independence Financial Advisors LLC owned approximately 0.67% of iShares Fallen Angels USD Bond ETF worth $12,536,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FALN. Allworth Financial LP boosted its position in shares of iShares Fallen Angels USD Bond ETF by 2.6% in the second quarter. Allworth Financial LP now owns 1,281,649 shares of the company’s stock worth $34,784,000 after buying an additional 32,272 shares during the period. Orion Porfolio Solutions LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 102.6% during the second quarter. Orion Porfolio Solutions LLC now owns 65,320 shares of the company’s stock worth $1,773,000 after purchasing an additional 33,082 shares during the period. Baker Avenue Asset Management LP grew its position in iShares Fallen Angels USD Bond ETF by 49.2% during the second quarter. Baker Avenue Asset Management LP now owns 323,024 shares of the company’s stock valued at $8,767,000 after purchasing an additional 106,505 shares in the last quarter. AE Wealth Management LLC increased its stake in iShares Fallen Angels USD Bond ETF by 28.4% in the 2nd quarter. AE Wealth Management LLC now owns 44,057 shares of the company’s stock valued at $1,196,000 after buying an additional 9,743 shares during the period. Finally, Transamerica Financial Advisors LLC acquired a new position in iShares Fallen Angels USD Bond ETF in the 2nd quarter valued at approximately $5,096,000.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of NASDAQ:FALN opened at $27.51 on Friday. The firm has a fifty day moving average of $27.37 and a two-hundred day moving average of $27.33. iShares Fallen Angels USD Bond ETF has a 12-month low of $24.82 and a 12-month high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were issued a dividend of $0.1466 per share. The ex-dividend date was Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 6.4%. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15.

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.