29,754 Shares in iShares Fallen Angels USD Bond ETF $FALN Purchased by VectorGlobal IAG Inc.

VectorGlobal IAG Inc. acquired a new stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 29,754 shares of the company’s stock, valued at approximately $795,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Invesco Ltd. lifted its holdings in iShares Fallen Angels USD Bond ETF by 722.5% during the 3rd quarter. Invesco Ltd. now owns 1,057,850 shares of the company’s stock worth $29,387,000 after buying an additional 929,241 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 14.7% in the 3rd quarter. Bank of America Corp DE now owns 6,877,280 shares of the company’s stock valued at $191,051,000 after acquiring an additional 883,753 shares during the last quarter. LPL Financial LLC increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 54.7% in the 4th quarter. LPL Financial LLC now owns 2,429,052 shares of the company’s stock valued at $66,313,000 after acquiring an additional 858,396 shares during the last quarter. State of Tennessee Department of Treasury raised its position in shares of 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 acquiring an additional 582,591 shares in the last quarter. Finally, Baker Avenue Asset Management LP raised its position in shares of iShares Fallen Angels USD Bond ETF by 273.5% during the 4th quarter. Baker Avenue Asset Management LP now owns 729,905 shares of the company’s stock valued at $19,926,000 after acquiring an additional 534,470 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of FALN opened at $26.92 on Monday. The business’s fifty day moving average price is $27.07 and its 200 day moving average price is $27.14. iShares Fallen Angels USD Bond ETF has a 12-month low of $26.37 and a 12-month high of $27.79.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.141 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend was Wednesday, July 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.