iShares Fallen Angels USD Bond ETF $FALN Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC trimmed its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 73.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,840 shares of the company’s stock after selling 62,012 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $622,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC raised its position in iShares Fallen Angels USD Bond ETF by 6.1% during the 1st quarter. Root Financial Partners LLC now owns 6,477 shares of the company’s stock worth $173,000 after buying an additional 375 shares during the last quarter. Intergy Private Wealth LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 5.1% in the first quarter. Intergy Private Wealth LLC now owns 9,685 shares of the company’s stock valued at $259,000 after acquiring an additional 468 shares in the last quarter. Arete Wealth Advisors LLC increased its stake in shares of iShares Fallen Angels USD Bond ETF by 4.4% during the first quarter. Arete Wealth Advisors LLC now owns 11,766 shares of the company’s stock worth $314,000 after acquiring an additional 500 shares during the period. Dynamic Advisor Solutions LLC increased its stake in shares of iShares Fallen Angels USD Bond ETF by 2.1% during the second quarter. Dynamic Advisor Solutions LLC now owns 24,399 shares of the company’s stock worth $665,000 after acquiring an additional 500 shares during the period. Finally, CoreCap Advisors LLC raised its holdings in iShares Fallen Angels USD Bond ETF by 27.0% during the second quarter. CoreCap Advisors LLC now owns 2,359 shares of the company’s stock worth $64,000 after purchasing an additional 501 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

NASDAQ FALN opened at $26.49 on Friday. iShares Fallen Angels USD Bond ETF has a 52-week low of $26.37 and a 52-week high of $27.79. The firm has a 50-day moving average price of $26.90 and a 200 day moving average price of $26.98.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.1425 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend was Tuesday, September 1st.

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.