79,699 Shares in iShares Fallen Angels USD Bond ETF $FALN Acquired by Sherry Group Inc.

Sherry Group Inc. bought a new position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 79,699 shares of the company’s stock, valued at approximately $2,179,000. iShares Fallen Angels USD Bond ETF comprises 2.3% of Sherry Group Inc.’s portfolio, making the stock its 12th biggest holding.

A number of other hedge funds have also recently bought and sold shares of the company. Dara Capital US Inc. bought a new position in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter valued at approximately $719,000. Petix & Botte Co grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 13.6% during the third quarter. Petix & Botte Co now owns 189,919 shares of the company’s stock valued at $5,276,000 after purchasing an additional 22,715 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF during the third quarter valued at approximately $4,206,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 906.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 344,730 shares of the company’s stock valued at $9,463,000 after purchasing an additional 310,481 shares during the last quarter. Finally, Stratos Wealth Partners LTD. bought a new position in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter valued at approximately $7,744,000.

iShares Fallen Angels USD Bond ETF Price Performance

NASDAQ:FALN opened at $26.81 on Monday. The stock has a 50 day moving average of $26.95 and a 200-day moving average of $27.27. iShares Fallen Angels USD Bond ETF has a 52 week low of $26.25 and a 52 week high of $27.79.

iShares Fallen Angels USD Bond ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were given a dividend of $0.1516 per share. The ex-dividend date was Friday, May 1st.

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.