Bank of America Corp DE Buys 7,438 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Bank of America Corp DE lifted its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 0.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,433,200 shares of the company’s stock after purchasing an additional 7,438 shares during the quarter. Bank of America Corp DE owned 7.41% of iShares Fallen Angels USD Bond ETF worth $145,121,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Glass Jacobson Investment Advisors llc boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 62.9% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 1,855 shares of the company’s stock valued at $50,000 after purchasing an additional 716 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in iShares Fallen Angels USD Bond ETF in the third quarter valued at about $55,000. Oak Grove Capital LLC bought a new position in iShares Fallen Angels USD Bond ETF in the 4th quarter valued at approximately $200,000. Cornerstone Wealth Management LLC acquired a new stake in iShares Fallen Angels USD Bond ETF in the fourth quarter valued at approximately $204,000. Finally, Wrapmanager Inc. bought a new stake in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter worth $227,000.

iShares Fallen Angels USD Bond ETF Trading Up 0.1 %

Shares of FALN opened at $26.12 on Friday. iShares Fallen Angels USD Bond ETF has a 52 week low of $24.82 and a 52 week high of $27.43. The stock has a fifty day moving average of $26.36 and a 200-day moving average of $26.77.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, May 6th. Stockholders of record on Thursday, May 1st were paid a dividend of $0.1538 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 7.06%. 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 Thursday, May 1st.

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.