iShares Fallen Angels USD Bond ETF $FALN is Kraematon Investment Advisors Inc.’s 6th Largest Position

Kraematon Investment Advisors Inc. boosted its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 1.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 129,653 shares of the company’s stock after purchasing an additional 2,096 shares during the period. iShares Fallen Angels USD Bond ETF comprises about 3.3% of Kraematon Investment Advisors Inc.’s portfolio, making the stock its 6th biggest holding. Kraematon Investment Advisors Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $3,519,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wolff Wiese Magana LLC raised its stake in shares of iShares Fallen Angels USD Bond ETF by 86.9% in the second quarter. Wolff Wiese Magana LLC now owns 1,125 shares of the company’s stock valued at $31,000 after buying an additional 523 shares during the period. Brown Lisle Cummings Inc. bought a new stake in iShares Fallen Angels USD Bond ETF in the 1st quarter valued at about $32,000. Fifth Third Bancorp lifted its holdings in iShares Fallen Angels USD Bond ETF by 45.1% during the first quarter. Fifth Third Bancorp now owns 1,785 shares of the company’s stock valued at $48,000 after purchasing an additional 555 shares during the last quarter. Strategic Investment Solutions Inc. IL boosted its position in iShares Fallen Angels USD Bond ETF by 26.8% during the first quarter. Strategic Investment Solutions Inc. IL now owns 1,904 shares of the company’s stock worth $51,000 after purchasing an additional 403 shares during the period. Finally, Olde Wealth Management LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF in the first quarter worth about $53,000.

iShares Fallen Angels USD Bond ETF Price Performance

NASDAQ FALN opened at $27.68 on Friday. The company’s 50 day moving average is $27.35 and its 200-day moving average is $26.82. iShares Fallen Angels USD Bond ETF has a 12-month low of $24.82 and a 12-month high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st will be issued a $0.1435 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%.

iShares Fallen Angels USD Bond ETF 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.