iShares Fallen Angels USD Bond ETF $FALN Shares Acquired by HF Advisory Group LLC

HF Advisory Group LLC increased its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 9.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 322,026 shares of the company’s stock after acquiring an additional 27,918 shares during the quarter. iShares Fallen Angels USD Bond ETF makes up approximately 2.0% of HF Advisory Group LLC’s holdings, making the stock its 6th biggest holding. HF Advisory Group LLC owned approximately 0.52% of iShares Fallen Angels USD Bond ETF worth $8,350,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Bank of America Corp DE lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 3.5% during the 1st quarter. Bank of America Corp DE now owns 7,519,795 shares of the company’s stock worth $200,929,000 after purchasing an additional 252,501 shares during the period. Envestnet Asset Management Inc. boosted its stake in iShares Fallen Angels USD Bond ETF by 5.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 398,716 shares of the company’s stock worth $10,861,000 after buying an additional 20,319 shares during the last quarter. Breakwater Capital Group grew its holdings in iShares Fallen Angels USD Bond ETF by 7.3% in the 2nd quarter. Breakwater Capital Group now owns 385,762 shares of the company’s stock valued at $10,508,000 after buying an additional 26,127 shares during the period. Ashford Capital Management Inc. grew its holdings in iShares Fallen Angels USD Bond ETF by 23.0% in the 1st quarter. Ashford Capital Management Inc. now owns 294,018 shares of the company’s stock valued at $7,856,000 after buying an additional 54,980 shares during the period. Finally, Independence Financial Advisors LLC increased its stake in shares of iShares Fallen Angels USD Bond ETF by 8.6% during the 3rd quarter. Independence Financial Advisors LLC now owns 278,978 shares of the company’s stock valued at $7,234,000 after acquiring an additional 22,023 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Trading Up 0.2%

Shares of FALN stock opened at $25.92 on Friday. iShares Fallen Angels USD Bond ETF has a 1-year low of $25.61 and a 1-year high of $27.77. The firm’s 50-day simple moving average is $26.62 and its 200-day simple moving average is $26.88.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a dividend of $0.1471 per share. This represents a $1.77 annualized dividend and a dividend yield of 6.8%. The ex-dividend date was Thursday, October 1st. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.1425.

iShares Fallen Angels USD Bond ETF Company 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.