iShares Fallen Angels USD Bond ETF $FALN Shares Bought by Altura Wealth Advisors Inc.

Altura Wealth Advisors Inc. raised its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 181.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,763 shares of the company’s stock after acquiring an additional 29,484 shares during the period. Altura Wealth Advisors Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $1,187,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Wellington Grp LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the 1st quarter worth $26,000. RMG Wealth Management LLC bought a new stake in iShares Fallen Angels USD Bond ETF in the 1st quarter worth approximately $31,000. Root Financial Partners LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF in the 3rd quarter worth $32,000. Beacon Financial Strategies CORP bought a new position in iShares Fallen Angels USD Bond ETF in the second quarter valued at about $50,000. Finally, Y.D. More Investments Ltd purchased a new position in shares of iShares Fallen Angels USD Bond ETF in the first quarter worth approximately $53,000.

iShares Fallen Angels USD Bond ETF Stock Performance

NASDAQ:FALN opened at $25.78 on Friday. The business has a fifty day moving average price of $26.37 and a 200-day moving average price of $26.82. iShares Fallen Angels USD Bond ETF has a one year low of $25.55 and a one year high of $27.77.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a dividend of $0.1471 per share. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.1425. The ex-dividend date was Thursday, October 1st. This represents a $1.77 dividend on an annualized basis and a dividend yield of 6.8%.

About iShares Fallen Angels USD Bond ETF

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.