Wealthfront Advisers LLC Grows Position in iShares Fallen Angels USD Bond ETF $FALN

Wealthfront Advisers LLC raised its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 51.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 56,007 shares of the company’s stock after purchasing an additional 18,907 shares during the quarter. Wealthfront Advisers LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $1,497,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FALN. Royal Bank of Canada raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 32.3% during the 1st quarter. Royal Bank of Canada now owns 301,573 shares of the company’s stock worth $8,079,000 after acquiring an additional 73,579 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 13.3% in the first quarter. NewEdge Advisors LLC now owns 14,703 shares of the company’s stock valued at $394,000 after purchasing an additional 1,728 shares in the last quarter. JPMorgan Chase & Co. increased its position in iShares Fallen Angels USD Bond ETF by 2.8% in the second quarter. JPMorgan Chase & Co. now owns 45,912 shares of the company’s stock worth $1,246,000 after purchasing an additional 1,269 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in iShares Fallen Angels USD Bond ETF during the second quarter valued at $255,000. Finally, Diversify Wealth Management LLC raised its stake in iShares Fallen Angels USD Bond ETF by 3.0% during the second quarter. Diversify Wealth Management LLC now owns 124,852 shares of the company’s stock valued at $3,382,000 after purchasing an additional 3,603 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Trading Down 0.1%

FALN stock opened at $27.07 on Tuesday. iShares Fallen Angels USD Bond ETF has a 52 week low of $26.37 and a 52 week high of $27.79. The company has a fifty day simple moving average of $27.07 and a two-hundred day simple moving average of $27.17.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.141 per share. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date was Wednesday, July 1st.

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.