iShares Fallen Angels USD Bond ETF $FALN Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. decreased its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 50.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,706 shares of the company’s stock after selling 4,734 shares during the quarter. First Horizon Advisors Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $128,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of FALN. Wolff Wiese Magana LLC increased its stake in 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 purchasing an additional 523 shares during the period. Strategic Investment Solutions Inc. IL grew its holdings in shares of 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 buying an additional 403 shares during the last quarter. Anderson Financial Strategies LLC acquired a new position in iShares Fallen Angels USD Bond ETF in the 1st quarter valued at about $55,000. Private Trust Co. NA raised its stake in iShares Fallen Angels USD Bond ETF by 41.0% during the 2nd quarter. Private Trust Co. NA now owns 3,101 shares of the company’s stock valued at $84,000 after acquiring an additional 901 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in iShares Fallen Angels USD Bond ETF during the 2nd quarter valued at approximately $122,000.

iShares Fallen Angels USD Bond ETF Trading Up 0.0%

Shares of FALN stock opened at $27.32 on Friday. The business’s 50 day moving average is $27.55 and its two-hundred day moving average is $27.05. iShares Fallen Angels USD Bond ETF has a twelve month low of $24.82 and a twelve month high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, November 6th. Investors of record on Monday, November 3rd were given a $0.1514 dividend. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date was Monday, November 3rd. This represents a c) dividend on an annualized basis and a yield of 6.7%.

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.