Symphony Financial Ltd. Co. Raises Stock Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Symphony Financial Ltd. Co. grew its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 4.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,521 shares of the company’s stock after buying an additional 1,037 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in iShares Fallen Angels USD Bond ETF were worth $605,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Dohj LLC grew its position in shares of iShares Fallen Angels USD Bond ETF by 19.9% during the first quarter. Dohj LLC now owns 107,411 shares of the company’s stock worth $2,885,000 after purchasing an additional 17,848 shares in the last quarter. Procyon Advisors LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the first quarter worth about $12,111,000. Ignite Planners LLC grew its position in shares of iShares Fallen Angels USD Bond ETF by 38.1% during the first quarter. Ignite Planners LLC now owns 74,664 shares of the company’s stock worth $1,985,000 after purchasing an additional 20,601 shares in the last quarter. Global Assets Advisory LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the first quarter worth about $368,000. Finally, FOCUS Wealth Advisors LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the first quarter worth about $1,806,000.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of NASDAQ:FALN traded down $0.08 during trading on Friday, hitting $26.19. 992,847 shares of the company’s stock were exchanged, compared to its average volume of 728,996. iShares Fallen Angels USD Bond ETF has a 52-week low of $24.12 and a 52-week high of $26.92. The business’s 50-day simple moving average is $26.38 and its 200 day simple moving average is $26.47.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, June 7th. Investors of record on Monday, June 3rd were paid a dividend of $0.1414 per share. This represents a $1.70 dividend on an annualized basis and a yield of 6.48%. The ex-dividend date was Monday, June 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.