iShares Fallen Angels USD Bond ETF $FALN Shares Purchased by Independence Financial Advisors LLC

Independence Financial Advisors LLC raised its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 476,028 shares of the company’s stock after purchasing an additional 24,779 shares during the quarter. iShares Fallen Angels USD Bond ETF comprises 3.6% of Independence Financial Advisors LLC’s portfolio, making the stock its 9th largest holding. Independence Financial Advisors LLC owned about 0.71% of iShares Fallen Angels USD Bond ETF worth $12,996,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FALN. CoreCap Advisors LLC raised its stake in shares of iShares Fallen Angels USD Bond ETF by 46.4% in the 4th quarter. CoreCap Advisors LLC now owns 1,726 shares of the company’s stock worth $47,000 after buying an additional 547 shares in the last quarter. Signal Advisors Wealth LLC lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 54.8% in the fourth quarter. Signal Advisors Wealth LLC now owns 41,796 shares of the company’s stock valued at $1,141,000 after buying an additional 14,804 shares during the period. Exchange Bank boosted its stake in iShares Fallen Angels USD Bond ETF by 1.8% during the fourth quarter. Exchange Bank now owns 26,854 shares of the company’s stock valued at $733,000 after buying an additional 464 shares in the last quarter. FOCUS Wealth Advisors LLC boosted its stake in iShares Fallen Angels USD Bond ETF by 1.0% during the fourth quarter. FOCUS Wealth Advisors LLC now owns 74,993 shares of the company’s stock valued at $2,047,000 after buying an additional 732 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in iShares Fallen Angels USD Bond ETF by 906.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 344,730 shares of the company’s stock worth $9,463,000 after acquiring an additional 310,481 shares during the period.

iShares Fallen Angels USD Bond ETF Trading Up 1.0%

Shares of iShares Fallen Angels USD Bond ETF stock opened at $26.72 on Wednesday. The company’s 50-day moving average price is $27.24 and its two-hundred day moving average price is $27.39. iShares Fallen Angels USD Bond ETF has a 52 week low of $24.82 and a 52 week 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, March 5th. Shareholders of record on Monday, March 2nd were given a $0.1506 dividend. This represents a c) annualized dividend and a yield of 6.8%. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date was Monday, March 2nd.

About iShares Fallen Angels USD Bond ETF

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.