iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Position Boosted by Bright Futures Wealth Management LLC.

Bright Futures Wealth Management LLC. lifted its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 1.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,112 shares of the company’s stock after purchasing an additional 442 shares during the period. Bright Futures Wealth Management LLC.’s holdings in iShares Fallen Angels USD Bond ETF were worth $674,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Fifth Third Bancorp lifted its holdings in iShares Fallen Angels USD Bond ETF by 45.1% in the first quarter. Fifth Third Bancorp now owns 1,785 shares of the company’s stock worth $48,000 after acquiring an additional 555 shares during the last quarter. Glass Jacobson Investment Advisors llc lifted its holdings in iShares Fallen Angels USD Bond ETF by 62.9% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 1,855 shares of the company’s stock worth $50,000 after acquiring an additional 716 shares during the last quarter. Orion Capital Management LLC bought a new position in iShares Fallen Angels USD Bond ETF in the fourth quarter worth about $74,000. Oak Grove Capital LLC bought a new position in iShares Fallen Angels USD Bond ETF in the fourth quarter worth about $200,000. Finally, Wrapmanager Inc. bought a new position in iShares Fallen Angels USD Bond ETF in the fourth quarter worth about $227,000.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of NASDAQ FALN opened at $26.84 on Friday. The firm’s 50-day moving average price is $26.38 and its two-hundred day moving average price is $26.66. iShares Fallen Angels USD Bond ETF has a 52-week low of $24.82 and a 52-week high of $27.43.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were issued a $0.1427 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.71 dividend on an annualized basis and a yield of 6.38%.

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.