Client First Investment Management LLC Acquires New Holdings in iShares Fallen Angels USD Bond ETF $FALN

Client First Investment Management LLC bought a new stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the 2nd quarter, Holdings Channel.com reports. The fund bought 139,127 shares of the company’s stock, valued at approximately $3,790,000. iShares Fallen Angels USD Bond ETF accounts for about 1.6% of Client First Investment Management LLC’s holdings, making the stock its 7th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FALN. Invesco Ltd. raised its holdings in iShares Fallen Angels USD Bond ETF by 722.5% in the third quarter. Invesco Ltd. now owns 1,057,850 shares of the company’s stock worth $29,387,000 after purchasing an additional 929,241 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 14.7% in the 3rd quarter. Bank of America Corp DE now owns 6,877,280 shares of the company’s stock valued at $191,051,000 after buying an additional 883,753 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 54.7% in the 4th quarter. LPL Financial LLC now owns 2,429,052 shares of the company’s stock valued at $66,313,000 after buying an additional 858,396 shares in the last quarter. State of Tennessee Department of Treasury boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 20.5% in the 2nd quarter. State of Tennessee Department of Treasury now owns 3,428,800 shares of the company’s stock valued at $93,058,000 after buying an additional 582,591 shares in the last quarter. Finally, Baker Avenue Asset Management LP grew its position in shares of iShares Fallen Angels USD Bond ETF by 273.5% in the 4th quarter. Baker Avenue Asset Management LP now owns 729,905 shares of the company’s stock worth $19,926,000 after buying an additional 534,470 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Trading Up 0.2%

NASDAQ FALN opened at $26.99 on Friday. The company has a 50 day moving average price of $27.06 and a 200 day moving average price of $27.12. iShares Fallen Angels USD Bond ETF has a 52 week low of $26.37 and a 52 week high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were paid a $0.1481 dividend. This represents a c) annualized dividend and a yield of 6.6%. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date was Monday, August 3rd.

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.