Sequoia Financial Advisors LLC Sells 39,901 Shares of iShares Fallen Angels USD Bond ETF $FALN

Sequoia Financial Advisors LLC reduced its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 26.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 111,488 shares of the company’s stock after selling 39,901 shares during the period. Sequoia Financial Advisors LLC owned about 0.16% of iShares Fallen Angels USD Bond ETF worth $3,044,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FALN. Flagship Harbor Advisors LLC bought a new position in iShares Fallen Angels USD Bond ETF during the 4th quarter valued at about $30,000. CoreCap Advisors LLC raised its stake in shares of iShares Fallen Angels USD Bond ETF by 72.4% in the third quarter. CoreCap Advisors LLC now owns 1,179 shares of the company’s stock worth $33,000 after acquiring an additional 495 shares during the last quarter. Golden State Wealth Management LLC raised its stake in shares of iShares Fallen Angels USD Bond ETF by 94.2% in the third quarter. Golden State Wealth Management LLC now owns 1,429 shares of the company’s stock worth $40,000 after acquiring an additional 693 shares during the last quarter. Camelot Portfolios LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF in the fourth quarter worth about $55,000. Finally, BNP Paribas Financial Markets raised its stake in shares of iShares Fallen Angels USD Bond ETF by 8,036.8% in the third quarter. BNP Paribas Financial Markets now owns 3,092 shares of the company’s stock worth $86,000 after acquiring an additional 3,054 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Up 0.3%

Shares of NASDAQ FALN opened at $27.13 on Friday. iShares Fallen Angels USD Bond ETF has a 1-year low of $26.11 and a 1-year high of $27.79. The company has a 50-day moving average of $27.01 and a two-hundred day moving average of $27.30.

iShares Fallen Angels USD Bond ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were issued a $0.1516 dividend. The ex-dividend date was Friday, May 1st.

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.