Sovran Advisors LLC Makes New $432,000 Investment in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Sovran Advisors LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 16,220 shares of the company’s stock, valued at approximately $432,000.

A number of other institutional investors have also recently made changes to their positions in FALN. Wilmington Savings Fund Society FSB purchased a new stake in iShares Fallen Angels USD Bond ETF during the 3rd quarter valued at about $55,000. Outlook Wealth Advisors LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the 3rd quarter worth approximately $203,000. Cornerstone Wealth Management LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth approximately $204,000. Saxony Capital Management LLC purchased a new position in iShares Fallen Angels USD Bond ETF during the third quarter worth approximately $208,000. Finally, Detalus Advisors LLC purchased a new position in iShares Fallen Angels USD Bond ETF during the third quarter worth approximately $218,000.

iShares Fallen Angels USD Bond ETF Stock Down 0.3 %

Shares of FALN opened at $26.86 on Thursday. iShares Fallen Angels USD Bond ETF has a 52-week low of $25.90 and a 52-week high of $27.43. The stock has a fifty day simple moving average of $26.93 and a two-hundred day simple moving average of $27.01.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued a $0.1433 dividend. The ex-dividend date was Monday, February 3rd. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous dividend of $0.14.

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.