SteelPeak Wealth LLC Sells 57,274 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

SteelPeak Wealth LLC cut its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 83.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 11,078 shares of the company’s stock after selling 57,274 shares during the period. SteelPeak Wealth LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $296,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Strategic Investment Solutions Inc. IL bought a new stake in iShares Fallen Angels USD Bond ETF during the 2nd quarter valued at approximately $49,000. Wilmington Savings Fund Society FSB bought a new stake in shares of iShares Fallen Angels USD Bond ETF during the third quarter valued at approximately $55,000. Outlook Wealth Advisors LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF in the third quarter worth $203,000. Saxony Capital Management LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF during the third quarter worth $208,000. Finally, Cornerstone Wealth Management LLC purchased a new position in iShares Fallen Angels USD Bond ETF during the fourth quarter valued at $204,000.

iShares Fallen Angels USD Bond ETF Trading Up 0.1 %

Shares of FALN stock opened at $27.12 on Friday. The company’s fifty day simple moving average is $26.96 and its two-hundred day simple moving average is $26.98. iShares Fallen Angels USD Bond ETF has a 52 week low of $25.90 and a 52 week high of $27.43.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a dividend of $0.1371 per share. This represents a $1.64 dividend on an annualized basis and a yield of 6.07%. The ex-dividend date of this dividend was Wednesday, December 18th.

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.