87,870 Shares in iShares Fallen Angels USD Bond ETF $FALN Acquired by Napier Financial LLC

Napier Financial LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 87,870 shares of the company’s stock, valued at approximately $2,399,000.

A number of other large investors have also recently made changes to their positions in the company. Global Retirement Partners LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 73.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock worth $28,000 after acquiring an additional 428 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in iShares Fallen Angels USD Bond ETF during the fourth quarter worth approximately $30,000. CoreCap Advisors LLC increased its position in iShares Fallen Angels USD Bond ETF by 46.4% during the fourth quarter. CoreCap Advisors LLC now owns 1,726 shares of the company’s stock worth $47,000 after buying an additional 547 shares during the period. Camelot Portfolios LLC acquired a new position in iShares Fallen Angels USD Bond ETF during the fourth quarter worth approximately $55,000. Finally, BNP Paribas Financial Markets increased its position in iShares Fallen Angels USD Bond ETF by 8,036.8% during the third quarter. BNP Paribas Financial Markets now owns 3,092 shares of the company’s stock worth $86,000 after buying an additional 3,054 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of FALN stock opened at $26.89 on Monday. The business’s 50 day moving average is $27.00 and its two-hundred day moving average is $27.23. iShares Fallen Angels USD Bond ETF has a twelve month low of $26.37 and a twelve month high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were paid a $0.1491 dividend. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 6.7%.

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.