Orion Capital Management LLC Grows Position in iShares Fallen Angels USD Bond ETF $FALN

Orion Capital Management LLC increased its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 158.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,000 shares of the company’s stock after acquiring an additional 3,067 shares during the quarter. Orion Capital Management LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $136,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FALN. Glassy Mountain Advisors Inc. boosted its holdings in shares of 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 purchasing an additional 403 shares during the last quarter. Strategic Investment Solutions Inc. IL boosted its stake in iShares Fallen Angels USD Bond ETF by 26.8% during the first quarter. Strategic Investment Solutions Inc. IL now owns 1,904 shares of the company’s stock valued at $51,000 after buying an additional 403 shares during the last quarter. Forte Asset Management LLC grew its holdings in iShares Fallen Angels USD Bond ETF by 0.6% during the 2nd quarter. Forte Asset Management LLC now owns 78,481 shares of the company’s stock valued at $2,130,000 after buying an additional 481 shares in the last quarter. Compound Planning Inc. increased its stake in iShares Fallen Angels USD Bond ETF by 4.9% in the 1st quarter. Compound Planning Inc. now owns 10,318 shares of the company’s stock worth $276,000 after acquiring an additional 483 shares during the last quarter. Finally, Wolff Wiese Magana LLC increased its stake in iShares Fallen Angels USD Bond ETF by 86.9% in the 2nd quarter. Wolff Wiese Magana LLC now owns 1,125 shares of the company’s stock worth $31,000 after acquiring an additional 523 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Trading Up 0.4%

NASDAQ FALN opened at $27.68 on Friday. The stock has a 50 day moving average price of $27.50 and a 200-day moving average price of $26.93. iShares Fallen Angels USD Bond ETF has a one year low of $24.82 and a one year high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st were issued a $0.1435 dividend. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date was Wednesday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%.

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.