iShares Fallen Angels USD Bond ETF $FALN Shares Sold by World Investment Advisors

World Investment Advisors lessened its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 43.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 151,183 shares of the company’s stock after selling 117,909 shares during the period. World Investment Advisors’ holdings in iShares Fallen Angels USD Bond ETF were worth $4,127,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FALN. Bank of America Corp DE raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 14.7% in the 3rd quarter. Bank of America Corp DE now owns 6,877,280 shares of the company’s stock worth $191,051,000 after purchasing an additional 883,753 shares during the period. Municipal Employees Retirement System of Michigan increased its position in iShares Fallen Angels USD Bond ETF by 5.2% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 3,657,064 shares of the company’s stock worth $99,838,000 after purchasing an additional 180,505 shares in the last quarter. State of Tennessee Department of Treasury increased its position in iShares Fallen Angels USD Bond ETF by 20.5% during the 2nd quarter. State of Tennessee Department of Treasury now owns 3,428,800 shares of the company’s stock worth $93,058,000 after purchasing an additional 582,591 shares in the last quarter. LPL Financial LLC raised its holdings in iShares Fallen Angels USD Bond ETF by 54.7% in the fourth quarter. LPL Financial LLC now owns 2,429,052 shares of the company’s stock valued at $66,313,000 after buying an additional 858,396 shares during the period. Finally, Invesco Ltd. raised its holdings in iShares Fallen Angels USD Bond ETF by 33.4% in the fourth quarter. Invesco Ltd. now owns 1,411,465 shares of the company’s stock valued at $38,533,000 after buying an additional 353,615 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Up 0.1%

Shares of FALN stock opened at $26.92 on Tuesday. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $26.37 and a fifty-two week high of $27.79. The firm’s 50 day moving average price is $27.01 and its two-hundred day moving average price is $27.23.

iShares Fallen Angels USD Bond ETF Increases Dividend

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

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.