World Investment Advisors LLC Raises Stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

World Investment Advisors LLC raised its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 40.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 82,422 shares of the company’s stock after acquiring an additional 23,733 shares during the period. World Investment Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $2,253,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in FALN. Western Financial Corp CA boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 1.5% in the 3rd quarter. Western Financial Corp CA now owns 25,771 shares of the company’s stock valued at $705,000 after purchasing an additional 390 shares in the last quarter. Virtue Capital Management LLC lifted its stake in iShares Fallen Angels USD Bond ETF by 0.6% in the third quarter. Virtue Capital Management LLC now owns 70,213 shares of the company’s stock worth $1,920,000 after purchasing an additional 401 shares during the last quarter. Kingsview Wealth Management LLC boosted its position in iShares Fallen Angels USD Bond ETF by 2.1% during the third quarter. Kingsview Wealth Management LLC now owns 19,733 shares of the company’s stock valued at $540,000 after buying an additional 415 shares during the period. Invst LLC grew its stake in shares of 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 valued at $454,000 after buying an additional 630 shares during the last quarter. Finally, Wealth Advisory Solutions LLC increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 1.5% in the second quarter. Wealth Advisory Solutions LLC now owns 49,380 shares of the company’s stock worth $1,293,000 after buying an additional 727 shares during the period.

iShares Fallen Angels USD Bond ETF Price Performance

NASDAQ FALN opened at $27.09 on Friday. iShares Fallen Angels USD Bond ETF has a 1-year low of $25.90 and a 1-year high of $27.43. The stock has a 50-day moving average of $27.09 and a 200-day moving average of $26.86.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, December 2nd were paid a $0.1372 dividend. This is a boost from iShares Fallen Angels USD Bond ETF’s previous dividend of $0.13. The ex-dividend date of this dividend was Monday, December 2nd.

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.