iShares Fallen Angels USD Bond ETF $FALN Shares Purchased by Capital Wealth Management LLC

Capital Wealth Management LLC boosted its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 3.7% during the 2nd quarter, Holdings Channel reports. The fund owned 174,798 shares of the company’s stock after acquiring an additional 6,169 shares during the quarter. iShares Fallen Angels USD Bond ETF makes up 1.8% of Capital Wealth Management LLC’s portfolio, making the stock its 17th biggest holding. Capital Wealth Management LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $4,744,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. raised its holdings in iShares Fallen Angels USD Bond ETF by 5.9% in the first quarter. Mather Group LLC. now owns 10,133,769 shares of the company’s stock valued at $271,484,000 after acquiring an additional 567,034 shares in the last quarter. Envestnet Asset Management Inc. raised its position in iShares Fallen Angels USD Bond ETF by 16.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,507,567 shares of the company’s stock valued at $67,178,000 after purchasing an additional 350,001 shares during the last quarter. Ameriprise Financial Inc. raised its position in iShares Fallen Angels USD Bond ETF by 29.9% in the 1st quarter. Ameriprise Financial Inc. now owns 2,068,827 shares of the company’s stock valued at $55,448,000 after purchasing an additional 476,097 shares during the last quarter. LPL Financial LLC raised its position in iShares Fallen Angels USD Bond ETF by 4.1% in the 1st quarter. LPL Financial LLC now owns 2,064,761 shares of the company’s stock valued at $55,315,000 after purchasing an additional 80,518 shares during the last quarter. Finally, Allworth Financial LP raised its position in iShares Fallen Angels USD Bond ETF by 3.6% in the 1st quarter. Allworth Financial LP now owns 1,249,377 shares of the company’s stock valued at $32,846,000 after purchasing an additional 42,889 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Trading Down 0.1%

FALN stock opened at $27.67 on Wednesday. The company has a fifty day moving average price of $27.17 and a 200 day moving average price of $26.74. iShares Fallen Angels USD Bond ETF has a 12 month low of $24.82 and a 12 month high of $27.72.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, September 5th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.1424 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%.

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.