Independence Financial Advisors LLC Sells 282,135 Shares of iShares Fallen Angels USD Bond ETF $FALN

Independence Financial Advisors LLC decreased its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 63.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 164,005 shares of the company’s stock after selling 282,135 shares during the period. iShares Fallen Angels USD Bond ETF makes up 1.7% of Independence Financial Advisors LLC’s holdings, making the stock its 20th largest position. Independence Financial Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $4,451,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Wolff Wiese Magana LLC lifted its holdings in 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 acquiring an additional 523 shares in the last quarter. Strategic Investment Solutions Inc. IL grew its stake in shares of iShares Fallen Angels USD Bond ETF by 26.8% in the first quarter. Strategic Investment Solutions Inc. IL now owns 1,904 shares of the company’s stock valued at $51,000 after buying an additional 403 shares in the last quarter. Anderson Financial Strategies LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the 1st quarter valued at about $55,000. Private Trust Co. NA raised its stake in iShares Fallen Angels USD Bond ETF by 41.0% in the 2nd quarter. Private Trust Co. NA now owns 3,101 shares of the company’s stock valued at $84,000 after acquiring an additional 901 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in iShares Fallen Angels USD Bond ETF in the 2nd quarter valued at about $122,000.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of NASDAQ:FALN opened at $27.24 on Friday. The company’s 50 day moving average price is $27.56 and its two-hundred day moving average price is $27.08. iShares Fallen Angels USD Bond ETF has a 12-month low of $24.82 and a 12-month high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, November 6th. Shareholders of record on Monday, November 3rd were given a $0.1514 dividend. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date was Monday, November 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%.

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.