286,744 Shares in iShares Fallen Angels USD Bond ETF $FALN Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans acquired a new position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the 4th quarter, HoldingsChannel reports. The fund acquired 286,744 shares of the company’s stock, valued at approximately $7,828,000.

Several other institutional investors also recently modified their holdings of FALN. JPMorgan Chase & Co. grew its stake in shares of iShares Fallen Angels USD Bond ETF by 2,741.1% in the third quarter. JPMorgan Chase & Co. now owns 1,304,419 shares of the company’s stock worth $36,237,000 after purchasing an additional 1,258,507 shares during the last quarter. Invesco Ltd. grew its stake in shares of iShares Fallen Angels USD Bond ETF by 722.5% in the third quarter. Invesco Ltd. now owns 1,057,850 shares of the company’s stock worth $29,387,000 after purchasing an additional 929,241 shares during the last quarter. Bank of America Corp DE grew its stake in shares of iShares Fallen Angels USD Bond ETF by 14.7% in the third quarter. Bank of America Corp DE now owns 6,877,280 shares of the company’s stock worth $191,051,000 after purchasing an additional 883,753 shares during the last quarter. State of Tennessee Department of Treasury grew its stake in shares of iShares Fallen Angels USD Bond ETF by 20.5% in the second quarter. State of Tennessee Department of Treasury now owns 3,428,800 shares of the company’s stock worth $93,058,000 after purchasing an additional 582,591 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the fourth quarter worth $9,555,000.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of iShares Fallen Angels USD Bond ETF stock opened at $26.93 on Thursday. iShares Fallen Angels USD Bond ETF has a twelve month low of $26.25 and a twelve month high of $27.79. The company’s fifty day moving average is $26.93 and its 200 day moving average is $27.25.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The company also recently announced 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.