US Financial Advisors LLC Sells 1,266 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

US Financial Advisors LLC cut its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 1.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 79,574 shares of the company’s stock after selling 1,266 shares during the period. iShares Fallen Angels USD Bond ETF makes up 0.7% of US Financial Advisors LLC’s holdings, making the stock its 29th biggest holding. US Financial Advisors LLC owned 0.12% of iShares Fallen Angels USD Bond ETF worth $2,176,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in FALN. Western Financial Corp CA increased its holdings in iShares Fallen Angels USD Bond ETF by 1.5% during the 3rd quarter. Western Financial Corp CA now owns 25,771 shares of the company’s stock worth $705,000 after purchasing an additional 390 shares in the last quarter. Insight Wealth Partners LLC raised its position in iShares Fallen Angels USD Bond ETF by 0.5% in the 2nd quarter. Insight Wealth Partners LLC now owns 101,950 shares of the company’s stock valued at $2,670,000 after buying an additional 482 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in iShares Fallen Angels USD Bond ETF by 6.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 9,484 shares of the company’s stock worth $255,000 after acquiring an additional 553 shares during the last quarter. Invst LLC boosted its holdings in iShares Fallen Angels USD Bond ETF by 3.7% during the second quarter. Invst LLC now owns 17,461 shares of the company’s stock worth $454,000 after purchasing an additional 630 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 3.9% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 17,928 shares of the company’s stock worth $470,000 after buying an additional 666 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Up 0.3 %

Shares of FALN stock opened at $26.99 on Thursday. iShares Fallen Angels USD Bond ETF has a 52 week low of $25.00 and a 52 week high of $27.43. The firm’s 50-day simple moving average is $27.12 and its two-hundred day simple moving average is $26.73.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were paid a dividend of $0.1409 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.69 annualized dividend and a dividend yield of 6.26%. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14.

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.