iShares Fallen Angels USD Bond ETF $FALN Shares Acquired by Liberty Atlantic Advisors LLC

Liberty Atlantic Advisors LLC raised its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 16.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 180,314 shares of the company’s stock after purchasing an additional 25,344 shares during the period. iShares Fallen Angels USD Bond ETF accounts for about 3.0% of Liberty Atlantic Advisors LLC’s investment portfolio, making the stock its 10th biggest holding. Liberty Atlantic Advisors LLC owned approximately 0.29% of iShares Fallen Angels USD Bond ETF worth $4,676,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of FALN. Bank of America Corp DE grew its stake in shares of iShares Fallen Angels USD Bond ETF by 3.5% during the 1st quarter. Bank of America Corp DE now owns 7,519,795 shares of the company’s stock valued at $200,929,000 after acquiring an additional 252,501 shares during the period. Client First Investment Management LLC purchased a new position in iShares Fallen Angels USD Bond ETF during the second quarter valued at approximately $3,790,000. First Citizens Bank & Trust Co. lifted its holdings in iShares Fallen Angels USD Bond ETF by 109.7% during the first quarter. First Citizens Bank & Trust Co. now owns 192,570 shares of the company’s stock valued at $5,145,000 after purchasing an additional 100,717 shares in the last quarter. Ashford Capital Management Inc. boosted its position in shares of iShares Fallen Angels USD Bond ETF by 72.2% in the fourth quarter. Ashford Capital Management Inc. now owns 239,038 shares of the company’s stock worth $6,526,000 after purchasing an additional 100,245 shares during the period. Finally, ATX Financial Planning LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF in the first quarter worth approximately $2,057,000.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of NASDAQ FALN opened at $25.90 on Wednesday. The firm has a fifty day moving average price of $26.58 and a 200-day moving average price of $26.87. iShares Fallen Angels USD Bond ETF has a 1 year low of $25.61 and a 1 year high of $27.77.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a dividend of $0.1471 per share. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.1425. The ex-dividend date was Thursday, October 1st. This represents a $1.77 dividend on an annualized basis and a dividend yield of 6.8%.

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.