iShares Fallen Angels USD Bond ETF $FALN Stake Lessened by Fifth Third Securities Inc.

Fifth Third Securities Inc. trimmed its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 13.8% during the second quarter, HoldingsChannel reports. The fund owned 62,605 shares of the company’s stock after selling 9,985 shares during the quarter. Fifth Third Securities Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $1,699,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC lifted its position in shares of iShares Fallen Angels USD Bond ETF by 86.9% during the second quarter. Wolff Wiese Magana LLC now owns 1,125 shares of the company’s stock worth $31,000 after purchasing an additional 523 shares during the last quarter. Brown Lisle Cummings Inc. bought a new position in iShares Fallen Angels USD Bond ETF during the 1st quarter worth approximately $32,000. Fifth Third Bancorp lifted its holdings in iShares Fallen Angels USD Bond ETF by 45.1% during the 1st quarter. Fifth Third Bancorp now owns 1,785 shares of the company’s stock worth $48,000 after buying an additional 555 shares during the last quarter. Strategic Investment Solutions Inc. IL grew its position in shares of iShares Fallen Angels USD Bond ETF by 26.8% in the 1st quarter. Strategic Investment Solutions Inc. IL now owns 1,904 shares of the company’s stock worth $51,000 after acquiring an additional 403 shares in the last quarter. Finally, Olde Wealth Management LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the 1st quarter valued at approximately $53,000.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of FALN opened at $27.75 on Tuesday. The business’s fifty day moving average price is $27.30 and its 200 day moving average price is $26.79. iShares Fallen Angels USD Bond ETF has a 12-month low of $24.82 and a 12-month high of $27.78.

iShares Fallen Angels USD Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 5th. Stockholders of record on Tuesday, September 2nd were issued 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%.

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.