Detalus Advisors LLC Invests $218,000 in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Detalus Advisors LLC bought a new stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,964 shares of the company’s stock, valued at approximately $218,000.

A number of other institutional investors have also added to or reduced their stakes in FALN. Mather Group LLC. increased its stake in iShares Fallen Angels USD Bond ETF by 27.0% in the third quarter. Mather Group LLC. now owns 8,991,241 shares of the company’s stock valued at $245,821,000 after acquiring an additional 1,913,910 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of iShares Fallen Angels USD Bond ETF by 1.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,438,047 shares of the company’s stock valued at $63,852,000 after purchasing an additional 26,058 shares during the period. LPL Financial LLC raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 3.7% in the 2nd quarter. LPL Financial LLC now owns 1,787,437 shares of the company’s stock worth $46,813,000 after buying an additional 63,746 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 182.5% in the 1st quarter. Cetera Investment Advisers now owns 768,476 shares of the company’s stock worth $20,641,000 after buying an additional 496,455 shares in the last quarter. Finally, Procyon Advisors LLC boosted its stake in iShares Fallen Angels USD Bond ETF by 2.1% in the 3rd quarter. Procyon Advisors LLC now owns 563,110 shares of the company’s stock valued at $15,396,000 after buying an additional 11,417 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

iShares Fallen Angels USD Bond ETF stock traded down $0.09 during mid-day trading on Wednesday, hitting $26.97. 120,789 shares of the company were exchanged, compared to its average volume of 695,407. The business has a fifty day moving average of $27.15 and a 200 day moving average of $26.68. iShares Fallen Angels USD Bond ETF has a 1-year low of $24.16 and a 1-year high of $27.43.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.1348 per share. The ex-dividend date was Tuesday, September 3rd.

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.