Sequoia Financial Advisors LLC Reduces Holdings in iShares Fallen Angels USD Bond ETF $FALN

Sequoia Financial Advisors LLC trimmed its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 23.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 84,852 shares of the company’s stock after selling 26,636 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $2,267,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Manning & Napier Advisors LLC boosted its position in shares of iShares Fallen Angels USD Bond ETF by 2.5% in the 1st quarter. Manning & Napier Advisors LLC now owns 101,560 shares of the company’s stock worth $2,714,000 after purchasing an additional 2,505 shares in the last quarter. ATX Financial Planning LLC bought a new position in iShares Fallen Angels USD Bond ETF during the 1st quarter valued at approximately $2,057,000. Kestra Advisory Services LLC increased its position in iShares Fallen Angels USD Bond ETF by 9.5% during the 1st quarter. Kestra Advisory Services LLC now owns 179,502 shares of the company’s stock valued at $4,796,000 after buying an additional 15,543 shares in the last quarter. Addison Capital Co raised its stake in iShares Fallen Angels USD Bond ETF by 4.8% during the first quarter. Addison Capital Co now owns 94,081 shares of the company’s stock valued at $2,514,000 after buying an additional 4,268 shares during the last quarter. Finally, PUREfi Wealth LLC raised its stake in iShares Fallen Angels USD Bond ETF by 153.0% during the first quarter. PUREfi Wealth LLC now owns 23,865 shares of the company’s stock valued at $638,000 after buying an additional 14,431 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

iShares Fallen Angels USD Bond ETF stock opened at $27.08 on Wednesday. The business’s fifty day simple moving average is $27.07 and its two-hundred day simple moving average is $27.18. iShares Fallen Angels USD Bond ETF has a 12 month low of $26.37 and a 12 month high of $27.79.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a $0.141 dividend. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date was Wednesday, July 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.