Insight Wealth Partners LLC Trims Position in iShares Fallen Angels USD Bond ETF $FALN

Insight Wealth Partners LLC cut its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 14.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 156,998 shares of the company’s stock after selling 27,140 shares during the period. iShares Fallen Angels USD Bond ETF comprises 0.6% of Insight Wealth Partners LLC’s portfolio, making the stock its 17th biggest holding. Insight Wealth Partners LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $4,277,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FALN. Integrity Wealth Advisors Inc. lifted its stake in iShares Fallen Angels USD Bond ETF by 613.0% in the 4th quarter. Integrity Wealth Advisors Inc. now owns 54,510 shares of the company’s stock worth $1,503,000 after purchasing an additional 46,865 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 505.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 168,477 shares of the company’s stock worth $4,599,000 after purchasing an additional 140,661 shares during the period. Napier Financial LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF in the fourth quarter worth $2,399,000. Wilian Securities LLC bought a new stake in iShares Fallen Angels USD Bond ETF during the fourth quarter valued at $1,087,000. Finally, Capital Wealth Management LLC boosted its stake in iShares Fallen Angels USD Bond ETF by 25.6% during the first quarter. Capital Wealth Management LLC now owns 243,797 shares of the company’s stock valued at $6,514,000 after buying an additional 49,644 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of NASDAQ FALN opened at $26.76 on Wednesday. The stock’s 50-day simple moving average is $27.00 and its two-hundred day simple moving average is $27.03. iShares Fallen Angels USD Bond ETF has a twelve month low of $26.37 and a twelve month high of $27.79.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.1425 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 6.4%.

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.