Independence Financial Advisors LLC Has $12.54 Million Stock Position in iShares Fallen Angels USD Bond ETF $FALN

Independence Financial Advisors LLC lifted its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 175.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 451,249 shares of the company’s stock after acquiring an additional 287,244 shares during the period. iShares Fallen Angels USD Bond ETF accounts for about 3.8% of Independence Financial Advisors LLC’s investment portfolio, making the stock its 9th largest position. Independence Financial Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $12,536,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in FALN. Municipal Employees Retirement System of Michigan acquired a new position in iShares Fallen Angels USD Bond ETF during the second quarter valued at approximately $94,354,000. State of Tennessee Department of Treasury boosted its stake in iShares Fallen Angels USD Bond ETF by 20.5% during the 2nd quarter. State of Tennessee Department of Treasury now owns 3,428,800 shares of the company’s stock valued at $93,058,000 after purchasing an additional 582,591 shares during the period. Allworth Financial LP boosted its stake in iShares Fallen Angels USD Bond ETF by 2.6% during the 2nd quarter. Allworth Financial LP now owns 1,281,649 shares of the company’s stock valued at $34,784,000 after purchasing an additional 32,272 shares during the period. Ocean Park Asset Management LLC grew its holdings in iShares Fallen Angels USD Bond ETF by 41.7% in the 3rd quarter. Ocean Park Asset Management LLC now owns 1,133,100 shares of the company’s stock valued at $31,478,000 after buying an additional 333,600 shares during the last quarter. Finally, Novem Group increased its position in iShares Fallen Angels USD Bond ETF by 6.5% in the 2nd quarter. Novem Group now owns 572,052 shares of the company’s stock worth $15,525,000 after buying an additional 34,706 shares during the period.

iShares Fallen Angels USD Bond ETF Price Performance

FALN opened at $27.51 on Friday. iShares Fallen Angels USD Bond ETF has a 1-year low of $24.82 and a 1-year high of $27.79. The business has a 50 day moving average of $27.37 and a 200-day moving average of $27.33.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were given a dividend of $0.1466 per share. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend was Friday, December 19th.

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.