Strategic Financial Concepts LLC Purchases New Shares in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Strategic Financial Concepts LLC acquired a new position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 44,195 shares of the company’s stock, valued at approximately $1,180,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of FALN. Wilmington Savings Fund Society FSB bought a new position in shares of iShares Fallen Angels USD Bond ETF in the third quarter valued at about $55,000. Outlook Wealth Advisors LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF in the third quarter worth about $203,000. Cornerstone Wealth Management LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter worth approximately $204,000. Saxony Capital Management LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF during the third quarter valued at approximately $208,000. Finally, Detalus Advisors LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the third quarter valued at approximately $218,000.

iShares Fallen Angels USD Bond ETF Stock Down 0.1 %

NASDAQ:FALN opened at $27.00 on Wednesday. The stock’s fifty day moving average price is $26.91 and its two-hundred day moving average price is $27.02. iShares Fallen Angels USD Bond ETF has a 52-week low of $25.90 and a 52-week high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.1433 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous dividend of $0.14.

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.