State of New Jersey Common Pension Fund D Takes Position in iShares Fallen Angels USD Bond ETF $FALN

State of New Jersey Common Pension Fund D bought a new position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 350,000 shares of the company’s stock, valued at approximately $9,555,000. State of New Jersey Common Pension Fund D owned 0.52% of iShares Fallen Angels USD Bond ETF at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FALN. Flagship Harbor Advisors LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter worth about $30,000. CoreCap Advisors LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 72.4% during the third quarter. CoreCap Advisors LLC now owns 1,179 shares of the company’s stock worth $33,000 after purchasing an additional 495 shares during the period. Golden State Wealth Management LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 94.2% during the third quarter. Golden State Wealth Management LLC now owns 1,429 shares of the company’s stock worth $40,000 after purchasing an additional 693 shares during the period. Camelot Portfolios LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter worth about $55,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 8,036.8% during the third quarter. BNP Paribas Financial Markets now owns 3,092 shares of the company’s stock worth $86,000 after purchasing an additional 3,054 shares during the period.

iShares Fallen Angels USD Bond ETF Trading Down 0.4%

iShares Fallen Angels USD Bond ETF stock opened at $27.03 on Friday. The firm has a 50-day moving average of $27.04 and a 200-day moving average of $27.31. iShares Fallen Angels USD Bond ETF has a 1-year low of $26.06 and a 1-year high of $27.79.

iShares Fallen Angels USD Bond ETF Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 6th. Investors of record on Friday, May 1st will be paid a $0.1516 dividend. The ex-dividend date of this dividend is Friday, May 1st.

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.