ORG Partners LLC Raises Stock Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

ORG Partners LLC boosted its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 4.1% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 37,940 shares of the company’s stock after acquiring an additional 1,494 shares during the quarter. ORG Partners LLC owned about 0.06% of iShares Fallen Angels USD Bond ETF worth $1,012,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 3.3% during the fourth quarter. LPL Financial LLC now owns 1,984,243 shares of the company’s stock worth $52,999,000 after purchasing an additional 63,287 shares during the period. Ameriprise Financial Inc. raised its position in iShares Fallen Angels USD Bond ETF by 30.5% during the 4th quarter. Ameriprise Financial Inc. now owns 1,592,730 shares of the company’s stock worth $42,540,000 after buying an additional 372,688 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in iShares Fallen Angels USD Bond ETF by 70.8% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,421,084 shares of the company’s stock worth $37,957,000 after buying an additional 589,100 shares during the last quarter. OneDigital Investment Advisors LLC lifted its stake in iShares Fallen Angels USD Bond ETF by 28.4% during the 4th quarter. OneDigital Investment Advisors LLC now owns 773,706 shares of the company’s stock valued at $20,666,000 after acquiring an additional 171,167 shares during the period. Finally, MML Investors Services LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 40.8% in the 4th quarter. MML Investors Services LLC now owns 601,719 shares of the company’s stock valued at $16,072,000 after acquiring an additional 174,417 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of iShares Fallen Angels USD Bond ETF stock opened at $26.76 on Friday. The firm has a fifty day moving average price of $26.35 and a 200 day moving average price of $26.67. iShares Fallen Angels USD Bond ETF has a 1 year low of $24.82 and a 1 year high of $27.43.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were given a dividend of $0.1427 per share. This represents a $1.71 annualized dividend and a yield of 6.40%. The ex-dividend date of this dividend was Monday, June 2nd.

iShares Fallen Angels USD Bond ETF 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.