Mascagni Wealth Management Inc. Cuts Position in iShares Fallen Angels USD Bond ETF $FALN

Mascagni Wealth Management Inc. cut its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 36.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,507 shares of the company’s stock after selling 4,217 shares during the period. Mascagni Wealth Management Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $204,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Municipal Employees Retirement System of Michigan purchased a new stake in iShares Fallen Angels USD Bond ETF during the 2nd quarter worth approximately $94,354,000. Jane Street Group LLC purchased a new position in iShares Fallen Angels USD Bond ETF during the first quarter worth about $15,306,000. Ameriprise Financial Inc. boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 29.9% in the first quarter. Ameriprise Financial Inc. now owns 2,068,827 shares of the company’s stock valued at $55,448,000 after purchasing an additional 476,097 shares during the period. Independence Financial Advisors LLC acquired a new stake in iShares Fallen Angels USD Bond ETF during the first quarter worth approximately $11,952,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 16.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,507,567 shares of the company’s stock valued at $67,178,000 after acquiring an additional 350,001 shares during the period.

iShares Fallen Angels USD Bond ETF Trading Up 0.1%

iShares Fallen Angels USD Bond ETF stock opened at $27.30 on Thursday. The firm’s 50-day simple moving average is $27.55 and its 200 day simple moving average is $27.03. iShares Fallen Angels USD Bond ETF has a 52 week low of $24.82 and a 52 week high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Monday, November 3rd will be issued a dividend of $0.1514 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. 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 is Monday, November 3rd.

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.