Cumberland Partners Ltd Acquires 11,600 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Cumberland Partners Ltd grew its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 34.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,200 shares of the company’s stock after acquiring an additional 11,600 shares during the period. Cumberland Partners Ltd owned 0.06% of iShares Fallen Angels USD Bond ETF worth $1,207,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Mather Group LLC. boosted its holdings in iShares Fallen Angels USD Bond ETF by 6.4% in the fourth quarter. Mather Group LLC. now owns 9,566,735 shares of the company’s stock worth $255,528,000 after purchasing an additional 575,494 shares in the last quarter. Angeles Investment Advisors LLC increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 39.8% during the 3rd quarter. Angeles Investment Advisors LLC now owns 1,294,400 shares of the company’s stock valued at $35,389,000 after acquiring an additional 368,400 shares during the last quarter. Allworth Financial LP raised its stake in shares of iShares Fallen Angels USD Bond ETF by 6.9% in the 4th quarter. Allworth Financial LP now owns 1,206,488 shares of the company’s stock valued at $32,563,000 after acquiring an additional 77,996 shares in the last quarter. ESL Trust Services LLC lifted its holdings in iShares Fallen Angels USD Bond ETF by 0.4% in the 3rd quarter. ESL Trust Services LLC now owns 1,115,111 shares of the company’s stock worth $30,487,000 after purchasing an additional 4,218 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in iShares Fallen Angels USD Bond ETF by 52.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 831,984 shares of the company’s stock worth $22,746,000 after purchasing an additional 287,900 shares during the period.

iShares Fallen Angels USD Bond ETF Price Performance

NASDAQ:FALN opened at $27.02 on Thursday. The company’s 50 day moving average is $26.90 and its 200-day moving average is $27.02. iShares Fallen Angels USD Bond ETF has a 12 month low of $25.90 and a 12 month high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued a $0.1433 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is an increase from iShares Fallen Angels USD Bond ETF’s previous dividend of $0.14.

iShares Fallen Angels USD Bond ETF 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.