Prime Capital Investment Advisors LLC Sells 1,399 Shares of iShares Fallen Angels USD Bond ETF $FALN

Prime Capital Investment Advisors LLC reduced its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 4.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 33,830 shares of the company’s stock after selling 1,399 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $918,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 30.9% during the 1st quarter. Bank of New York Mellon Corp now owns 186,796 shares of the company’s stock valued at $5,004,000 after purchasing an additional 44,128 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 45.1% during the 1st quarter. Fifth Third Bancorp now owns 1,785 shares of the company’s stock valued at $48,000 after purchasing an additional 555 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 1.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,027 shares of the company’s stock valued at $1,126,000 after purchasing an additional 552 shares during the last quarter. Spire Wealth Management grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 70.0% during the 1st quarter. Spire Wealth Management now owns 9,123 shares of the company’s stock valued at $244,000 after purchasing an additional 3,758 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF during the 1st quarter valued at approximately $1,928,000.

iShares Fallen Angels USD Bond ETF Stock Down 0.3%

Shares of iShares Fallen Angels USD Bond ETF stock opened at $27.50 on Friday. The firm’s 50 day moving average is $27.39 and its 200 day moving average is $26.83. iShares Fallen Angels USD Bond ETF has a 1 year low of $24.82 and a 1 year high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were issued a dividend of $0.1435 per share. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 6.3%.

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.