Petix & Botte Co Increases Stock Position in iShares Fallen Angels USD Bond ETF $FALN

Petix & Botte Co raised its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 40.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 142,340 shares of the company’s stock after buying an additional 41,231 shares during the quarter. Petix & Botte Co owned about 0.21% of iShares Fallen Angels USD Bond ETF worth $3,813,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of FALN. Bank of New York Mellon Corp raised its holdings in iShares Fallen Angels USD Bond ETF by 30.9% in the 1st quarter. Bank of New York Mellon Corp now owns 186,796 shares of the company’s stock worth $5,004,000 after acquiring an additional 44,128 shares during the last quarter. Fifth Third Bancorp raised its holdings in iShares Fallen Angels USD Bond ETF by 45.1% in the 1st quarter. Fifth Third Bancorp now owns 1,785 shares of the company’s stock worth $48,000 after acquiring an additional 555 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in iShares Fallen Angels USD Bond ETF by 1.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,027 shares of the company’s stock worth $1,126,000 after acquiring an additional 552 shares during the last quarter. Invesco Ltd. bought a new stake in iShares Fallen Angels USD Bond ETF in the 4th quarter worth about $4,535,000. Finally, Spire Wealth Management increased its holdings in iShares Fallen Angels USD Bond ETF by 70.0% in the 1st quarter. Spire Wealth Management now owns 9,123 shares of the company’s stock worth $244,000 after buying an additional 3,758 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Trading Up 0.1%

NASDAQ FALN opened at $27.16 on Monday. iShares Fallen Angels USD Bond ETF has a one year low of $24.82 and a one year high of $27.43. The stock has a 50-day moving average of $26.96 and a 200 day moving average of $26.69.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, August 6th. Investors of record on Friday, August 1st were issued a $0.1416 dividend. The ex-dividend date was Friday, August 1st. This is a positive change 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.