Coastline Trust Co Acquires 68,060 Shares of iShares Fallen Angels USD Bond ETF $FALN

Coastline Trust Co acquired a new stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 68,060 shares of the company’s stock, valued at approximately $1,765,000. Coastline Trust Co owned about 0.11% of iShares Fallen Angels USD Bond ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of FALN. Envestnet Portfolio Solutions Inc. boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 9.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 132,057 shares of the company’s stock worth $3,597,000 after acquiring an additional 11,533 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of iShares Fallen Angels USD Bond ETF by 5.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 398,716 shares of the company’s stock worth $10,861,000 after purchasing an additional 20,319 shares in the last quarter. Security National Bank of Sioux City Iowa IA bought a new position in iShares Fallen Angels USD Bond ETF in the 2nd quarter worth $69,000. WINTON GROUP Ltd bought a new position in iShares Fallen Angels USD Bond ETF in the 2nd quarter worth $548,000. Finally, NewEdge Advisors LLC lifted its position in iShares Fallen Angels USD Bond ETF by 38.4% during the second quarter. NewEdge Advisors LLC now owns 73,149 shares of the company’s stock valued at $1,993,000 after purchasing an additional 20,311 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Trading Down 0.8%

Shares of NASDAQ:FALN traded down $0.20 during mid-day trading on Thursday, reaching $25.73. 2,232,928 shares of the company traded hands, compared to its average volume of 1,040,580. The company’s 50 day moving average price is $26.77 and its 200-day moving average price is $26.93. iShares Fallen Angels USD Bond ETF has a 52 week low of $25.61 and a 52 week high of $27.77.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 6th. Investors of record on Thursday, October 1st will be paid a dividend of $0.1471 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.77 dividend on an annualized basis and a dividend yield of 6.9%. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.1425.

iShares Fallen Angels USD Bond ETF Company 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.