Independent Advisor Alliance Acquires Shares of 160,081 iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Independent Advisor Alliance bought a new position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 160,081 shares of the company’s stock, valued at approximately $4,276,000. Independent Advisor Alliance owned 0.22% of iShares Fallen Angels USD Bond ETF as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Mather Group LLC. boosted its stake in iShares Fallen Angels USD Bond ETF by 6.4% during the fourth quarter. Mather Group LLC. now owns 9,566,735 shares of the company’s stock worth $255,528,000 after buying an additional 575,494 shares during the period. Angeles Investment Advisors LLC lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 39.8% in the 3rd quarter. Angeles Investment Advisors LLC now owns 1,294,400 shares of the company’s stock worth $35,389,000 after acquiring an additional 368,400 shares during the last quarter. Allworth Financial LP boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 6.9% during the 4th quarter. Allworth Financial LP now owns 1,206,488 shares of the company’s stock worth $32,563,000 after purchasing an additional 77,996 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in iShares Fallen Angels USD Bond ETF by 52.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 831,984 shares of the company’s stock valued at $22,746,000 after purchasing an additional 287,900 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its position in iShares Fallen Angels USD Bond ETF by 53.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 602,539 shares of the company’s stock worth $16,473,000 after purchasing an additional 208,699 shares during the period.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of NASDAQ FALN opened at $26.87 on Wednesday. iShares Fallen Angels USD Bond ETF has a 1 year low of $25.90 and a 1 year high of $27.43. The firm has a 50-day simple moving average of $26.95 and a two-hundred day simple moving average of $27.04.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a dividend of $0.1372 per share. The ex-dividend date was Monday, March 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.