Royal Bank of Canada Trims Stake in iShares Fallen Angels USD Bond ETF $FALN

Royal Bank of Canada reduced its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 46.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,862 shares of the company’s stock after selling 66,401 shares during the period. Royal Bank of Canada owned 0.12% of iShares Fallen Angels USD Bond ETF worth $2,081,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Integrity Wealth Advisors Inc. lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 613.0% in the 4th quarter. Integrity Wealth Advisors Inc. now owns 54,510 shares of the company’s stock valued at $1,503,000 after purchasing an additional 46,865 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in iShares Fallen Angels USD Bond ETF by 505.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 168,477 shares of the company’s stock worth $4,599,000 after purchasing an additional 140,661 shares during the period. Napier Financial LLC purchased a new stake in iShares Fallen Angels USD Bond ETF in the fourth quarter worth $2,399,000. Wilian Securities LLC bought a new position in iShares Fallen Angels USD Bond ETF in the fourth quarter worth $1,087,000. Finally, Capital Wealth Management LLC raised its holdings in iShares Fallen Angels USD Bond ETF by 25.6% in the first quarter. Capital Wealth Management LLC now owns 243,797 shares of the company’s stock worth $6,514,000 after purchasing an additional 49,644 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of iShares Fallen Angels USD Bond ETF stock opened at $27.01 on Tuesday. The business has a fifty day simple moving average of $27.06 and a two-hundred day simple moving average of $27.10. 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 Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were paid a $0.1481 dividend. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date was Monday, August 3rd. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14.

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.