UBS Group AG Sells 23,819 Shares of iShares Fallen Angels USD Bond ETF $FALN

UBS Group AG decreased its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 4.1% in the fourth quarter, HoldingsChannel reports. The fund owned 550,628 shares of the company’s stock after selling 23,819 shares during the quarter. UBS Group AG’s holdings in iShares Fallen Angels USD Bond ETF were worth $15,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Flagship Harbor Advisors LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter valued at $30,000. CoreCap Advisors LLC lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 72.4% during the 3rd quarter. CoreCap Advisors LLC now owns 1,179 shares of the company’s stock valued at $33,000 after buying an additional 495 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 94.2% during the 3rd quarter. Golden State Wealth Management LLC now owns 1,429 shares of the company’s stock valued at $40,000 after buying an additional 693 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 8,036.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,092 shares of the company’s stock valued at $86,000 after buying an additional 3,054 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 43.3% during the 4th quarter. Sound Income Strategies LLC now owns 3,353 shares of the company’s stock valued at $92,000 after buying an additional 1,013 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

FALN opened at $26.95 on Thursday. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $26.25 and a fifty-two week high of $27.79. The firm’s fifty day moving average is $26.97 and its 200 day moving average is $27.28.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were paid a $0.1516 dividend. The ex-dividend date was Friday, May 1st.

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.