Cornerstone Planning Group LLC Has $2.51 Million Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Cornerstone Planning Group LLC increased its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 2.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 92,557 shares of the company’s stock after purchasing an additional 1,786 shares during the period. iShares Fallen Angels USD Bond ETF accounts for 0.6% of Cornerstone Planning Group LLC’s investment portfolio, making the stock its 20th largest holding. Cornerstone Planning Group LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $2,511,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Kingsview Wealth Management LLC increased its holdings in iShares Fallen Angels USD Bond ETF by 34.5% during the fourth quarter. Kingsview Wealth Management LLC now owns 26,539 shares of the company’s stock worth $709,000 after buying an additional 6,806 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in iShares Fallen Angels USD Bond ETF during the fourth quarter worth $5,839,000. Glassy Mountain Advisors Inc. increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 10.0% in the fourth quarter. Glassy Mountain Advisors Inc. now owns 119,736 shares of the company’s stock valued at $3,198,000 after purchasing an additional 10,837 shares during the last quarter. Beacon Financial Advisory LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the fourth quarter valued at $234,000. Finally, Insight Advisors LLC PA increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 2.2% in the fourth quarter. Insight Advisors LLC PA now owns 44,551 shares of the company’s stock valued at $1,190,000 after purchasing an additional 975 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Trading Down 0.4 %

NASDAQ:FALN opened at $26.91 on Monday. iShares Fallen Angels USD Bond ETF has a one year low of $25.90 and a one year high of $27.43. The firm’s fifty day moving average price is $26.94 and its two-hundred day moving average price is $27.00.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a $0.1433 dividend. This is an increase from iShares Fallen Angels USD Bond ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Monday, February 3rd.

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.