First Citizens Asset Management Inc. Trims Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Posted by Casey Walker on Apr 19th, 2025

First Citizens Asset Management Inc. lowered its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Free Report) by 7.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,904 shares of the company’s stock after selling 1,441 shares during the quarter. iShares Fallen Angels USD Bond ETF comprises about 0.2% of First Citizens Asset Management Inc.’s holdings, making the stock its 19th biggest holding. First Citizens Asset Management Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $478,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atomi Financial Group Inc. lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 7.5% in the 4th quarter. Atomi Financial Group Inc. now owns 9,835 shares of the company’s stock valued at $263,000 after purchasing an additional 683 shares during the last quarter. Beacon Financial Advisory LLC purchased a new stake in iShares Fallen Angels USD Bond ETF in the 4th quarter valued at about $234,000. D L Carlson Investment Group Inc. lifted its position in iShares Fallen Angels USD Bond ETF by 1.7% in the fourth quarter. D L Carlson Investment Group Inc. now owns 85,748 shares of the company’s stock valued at $2,290,000 after buying an additional 1,430 shares during the last quarter. D.A. Davidson & CO. boosted its stake in iShares Fallen Angels USD Bond ETF by 5.6% during the fourth quarter. D.A. Davidson & CO. now owns 37,660 shares of the company’s stock worth $1,006,000 after buying an additional 1,998 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of iShares Fallen Angels USD Bond ETF by 35.1% during the third quarter. JPMorgan Chase & Co. now owns 184,060 shares of the company’s stock valued at $5,032,000 after acquiring an additional 47,773 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

iShares Fallen Angels USD Bond ETF stock opened at $26.01 on Friday. The company’s 50 day simple moving average is $26.61 and its 200-day simple moving average is $26.86. iShares Fallen Angels USD Bond ETF has a 1 year low of $24.82 and a 1 year high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were given a $0.1408 dividend. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.69 dividend on an annualized basis and a yield of 6.50%.

iShares Fallen Angels USD Bond ETF Profile

(Free Report)

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.