iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Shares Sold by Optivise Advisory Services LLC

Optivise Advisory Services LLC cut its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 33.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 101,243 shares of the company’s stock after selling 50,885 shares during the period. iShares Fallen Angels USD Bond ETF makes up approximately 1.5% of Optivise Advisory Services LLC’s holdings, making the stock its 11th largest holding. Optivise Advisory Services LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $2,704,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. State of Tennessee Department of Treasury purchased a new position in iShares Fallen Angels USD Bond ETF in the 4th quarter valued at approximately $15,590,000. MML Investors Services LLC grew its holdings in iShares Fallen Angels USD Bond ETF by 40.8% in the fourth quarter. MML Investors Services LLC now owns 601,719 shares of the company’s stock valued at $16,072,000 after purchasing an additional 174,417 shares during the last quarter. Balanced Rock Investment Advisors LLC increased its position in shares of iShares Fallen Angels USD Bond ETF by 10.4% in the fourth quarter. Balanced Rock Investment Advisors LLC now owns 10,316 shares of the company’s stock valued at $276,000 after buying an additional 971 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of iShares Fallen Angels USD Bond ETF by 35.3% during the 4th quarter. NewEdge Advisors LLC now owns 12,975 shares of the company’s stock worth $347,000 after buying an additional 3,384 shares during the last quarter. Finally, United Capital Financial Advisors LLC boosted its position in shares of iShares Fallen Angels USD Bond ETF by 8.2% in the 4th quarter. United Capital Financial Advisors LLC now owns 227,264 shares of the company’s stock worth $6,070,000 after buying an additional 17,207 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

NASDAQ:FALN opened at $26.01 on Monday. The firm has a 50-day moving average price of $26.61 and a two-hundred day moving average price of $26.86. iShares Fallen Angels USD Bond ETF has a twelve month low of $24.82 and a twelve month high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were given a dividend of $0.1408 per share. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.69 annualized dividend and a yield of 6.50%.

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.