US Bancorp DE Buys 10,165 Shares of iShares Fallen Angels USD Bond ETF $FALN

US Bancorp DE boosted its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 10.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 108,872 shares of the company’s stock after purchasing an additional 10,165 shares during the quarter. US Bancorp DE owned approximately 0.16% of iShares Fallen Angels USD Bond ETF worth $2,955,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in FALN. Wolff Wiese Magana LLC boosted its stake in iShares Fallen Angels USD Bond ETF by 86.9% in the 2nd quarter. Wolff Wiese Magana LLC now owns 1,125 shares of the company’s stock worth $31,000 after purchasing an additional 523 shares during the period. Brown Lisle Cummings Inc. bought a new position in iShares Fallen Angels USD Bond ETF in the 1st quarter worth about $32,000. Fifth Third Bancorp boosted its stake in iShares Fallen Angels USD Bond ETF by 45.1% in the 1st quarter. Fifth Third Bancorp now owns 1,785 shares of the company’s stock worth $48,000 after purchasing an additional 555 shares during the period. Strategic Investment Solutions Inc. IL boosted its stake in iShares Fallen Angels USD Bond ETF by 26.8% in the 1st 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 bought a new position in iShares Fallen Angels USD Bond ETF in the 1st quarter worth about $53,000.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of NASDAQ FALN opened at $27.50 on Wednesday. iShares Fallen Angels USD Bond ETF has a 52 week low of $24.82 and a 52 week high of $27.79. The business has a 50-day simple moving average of $27.42 and a two-hundred day simple moving average of $26.85.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st were given a dividend of $0.1435 per share. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date was Wednesday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%.

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.