Harbour Investments Inc. Decreases Stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Harbour Investments Inc. lowered its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 16.1% in the 4th quarter, Holdings Channel reports. The firm owned 8,535 shares of the company’s stock after selling 1,641 shares during the period. Harbour Investments Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $228,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of iShares Fallen Angels USD Bond ETF in the third quarter worth $55,000. Oak Grove Capital LLC purchased a new position in iShares Fallen Angels USD Bond ETF in the fourth quarter worth about $200,000. Cornerstone Wealth Management LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter valued at about $204,000. Wrapmanager Inc. purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter valued at about $227,000. Finally, Copperleaf Capital LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter worth approximately $229,000.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of NASDAQ FALN opened at $26.92 on Friday. iShares Fallen Angels USD Bond ETF has a 12-month low of $25.90 and a 12-month high of $27.43. The firm has a 50 day moving average of $26.97 and a 200 day moving average of $27.02.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a $0.1372 dividend. The ex-dividend date of this dividend was Monday, March 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.