iShares Fallen Angels USD Bond ETF $FALN Shares Purchased by HF Advisory Group LLC

HF Advisory Group LLC raised its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 12.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 206,620 shares of the company’s stock after purchasing an additional 23,627 shares during the period. iShares Fallen Angels USD Bond ETF accounts for 2.2% of HF Advisory Group LLC’s portfolio, making the stock its 4th largest position. HF Advisory Group LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $5,608,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sovran Advisors LLC increased its position in iShares Fallen Angels USD Bond ETF by 78.2% during the second quarter. Sovran Advisors LLC now owns 44,799 shares of the company’s stock worth $1,206,000 after purchasing an additional 19,655 shares during the last quarter. Capital Wealth Management LLC increased its position in iShares Fallen Angels USD Bond ETF by 3.7% during the second quarter. Capital Wealth Management LLC now owns 174,798 shares of the company’s stock worth $4,744,000 after purchasing an additional 6,169 shares during the last quarter. FOCUS Wealth Advisors LLC increased its position in iShares Fallen Angels USD Bond ETF by 0.9% during the second quarter. FOCUS Wealth Advisors LLC now owns 73,753 shares of the company’s stock worth $2,002,000 after purchasing an additional 646 shares during the last quarter. First Hawaiian Bank acquired a new position in iShares Fallen Angels USD Bond ETF during the first quarter worth approximately $1,891,000. Finally, Anderson Financial Strategies LLC acquired a new position in iShares Fallen Angels USD Bond ETF during the first quarter worth approximately $55,000.

iShares Fallen Angels USD Bond ETF Stock Up 0.3%

Shares of FALN stock opened at $27.71 on Friday. iShares Fallen Angels USD Bond ETF has a one year low of $24.82 and a one year high of $27.73. The company has a 50 day moving average price of $27.20 and a 200 day moving average price of $26.75.

iShares Fallen Angels USD Bond ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 5th. Stockholders of record on Tuesday, September 2nd were given a $0.1424 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 6.2%.

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.