iShares Fallen Angels USD Bond ETF $FALN Stock Position Reduced by Allworth Financial LP

Allworth Financial LP lessened its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 7.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,285,303 shares of the company’s stock after selling 104,184 shares during the quarter. Allworth Financial LP owned 2.14% of iShares Fallen Angels USD Bond ETF worth $35,012,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Integrity Wealth Advisors Inc. grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 613.0% during the 4th quarter. Integrity Wealth Advisors Inc. now owns 54,510 shares of the company’s stock valued at $1,503,000 after acquiring an additional 46,865 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 505.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 168,477 shares of the company’s stock worth $4,599,000 after acquiring an additional 140,661 shares in the last quarter. Napier Financial LLC acquired a new stake in iShares Fallen Angels USD Bond ETF during the fourth quarter valued at $2,399,000. Wilian Securities LLC acquired a new stake in iShares Fallen Angels USD Bond ETF during the fourth quarter valued at $1,087,000. Finally, Capital Wealth Management LLC grew its stake in iShares Fallen Angels USD Bond ETF by 25.6% in the first quarter. Capital Wealth Management LLC now owns 243,797 shares of the company’s stock valued at $6,514,000 after purchasing an additional 49,644 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

FALN stock traded down $0.05 during mid-day trading on Tuesday, hitting $26.76. The stock had a trading volume of 2,031,908 shares, compared to its average volume of 1,071,863. iShares Fallen Angels USD Bond ETF has a 1-year low of $26.37 and a 1-year high of $27.79. The company has a fifty day moving average of $27.01 and a 200 day moving average of $27.04.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were issued a $0.1425 dividend. The ex-dividend date was Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 6.4%.

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.