PUREfi Wealth LLC Buys Shares of 14,142 iShares Fallen Angels USD Bond ETF $FALN

PUREfi Wealth LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 14,142 shares of the company’s stock, valued at approximately $384,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Glassy Mountain Advisors Inc. increased its holdings in iShares Fallen Angels USD Bond ETF by 0.3% during the 1st quarter. Glassy Mountain Advisors Inc. now owns 120,139 shares of the company’s stock valued at $3,219,000 after acquiring an additional 403 shares in the last quarter. Strategic Investment Solutions Inc. IL increased its holdings in iShares Fallen Angels USD Bond ETF by 26.8% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 1,904 shares of the company’s stock valued at $51,000 after acquiring an additional 403 shares in the last quarter. Two West Capital Advisors LLC increased its holdings in iShares Fallen Angels USD Bond ETF by 2.2% during the 1st quarter. Two West Capital Advisors LLC now owns 18,972 shares of the company’s stock valued at $487,000 after acquiring an additional 404 shares in the last quarter. Bright Futures Wealth Management LLC. increased its holdings in iShares Fallen Angels USD Bond ETF by 1.7% during the 1st quarter. Bright Futures Wealth Management LLC. now owns 26,112 shares of the company’s stock valued at $674,000 after acquiring an additional 442 shares in the last quarter. Finally, Compound Planning Inc. increased its holdings in iShares Fallen Angels USD Bond ETF by 4.9% during the 1st quarter. Compound Planning Inc. now owns 10,318 shares of the company’s stock valued at $276,000 after acquiring an additional 483 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

NASDAQ:FALN opened at $27.68 on Monday. iShares Fallen Angels USD Bond ETF has a twelve month low of $24.82 and a twelve month high of $27.79. The firm has a 50-day moving average price of $27.35 and a two-hundred day moving average price of $26.81.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st will be paid a dividend of $0.1435 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 6.2%. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14.

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.