iShares Fallen Angels USD Bond ETF $FALN Shares Bought by Novem Group

Novem Group lifted its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 5.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 726,067 shares of the company’s stock after buying an additional 39,022 shares during the quarter. iShares Fallen Angels USD Bond ETF comprises approximately 1.9% of Novem Group’s holdings, making the stock its 10th largest position. Novem Group’s holdings in iShares Fallen Angels USD Bond ETF were worth $18,827,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Root Financial Partners LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 6.1% during the 1st quarter. Root Financial Partners LLC now owns 6,477 shares of the company’s stock worth $173,000 after buying an additional 375 shares during the period. Intergy Private Wealth LLC raised its holdings in iShares Fallen Angels USD Bond ETF by 5.1% in the 1st quarter. Intergy Private Wealth LLC now owns 9,685 shares of the company’s stock worth $259,000 after acquiring an additional 468 shares during the period. Box Hill Private Wealth LLC raised its holdings in iShares Fallen Angels USD Bond ETF by 4.2% in the 3rd quarter. Box Hill Private Wealth LLC now owns 12,118 shares of the company’s stock worth $314,000 after acquiring an additional 483 shares during the period. Arete Wealth Advisors LLC raised its holdings in iShares Fallen Angels USD Bond ETF by 4.4% in the 1st quarter. Arete Wealth Advisors LLC now owns 11,766 shares of the company’s stock worth $314,000 after acquiring an additional 500 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its holdings in iShares Fallen Angels USD Bond ETF by 2.1% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 24,399 shares of the company’s stock worth $665,000 after acquiring an additional 500 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Down 0.3%

iShares Fallen Angels USD Bond ETF stock traded down $0.07 on Monday, reaching $25.61. 600,280 shares of the stock were exchanged, compared to its average volume of 1,039,400. iShares Fallen Angels USD Bond ETF has a twelve month low of $25.61 and a twelve month high of $27.77. The firm has a fifty day moving average price of $26.51 and a two-hundred day moving average price of $26.86.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a $0.1471 dividend. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.1425. This represents a $1.77 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend was Thursday, October 1st.

iShares Fallen Angels USD Bond ETF Company 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.