Bell Investment Advisors Inc Acquires New Shares in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Bell Investment Advisors Inc purchased a new position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,318 shares of the company’s stock, valued at approximately $87,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Insight Wealth Partners LLC boosted its position in iShares Fallen Angels USD Bond ETF by 0.5% during the 2nd quarter. Insight Wealth Partners LLC now owns 101,950 shares of the company’s stock worth $2,670,000 after acquiring an additional 482 shares during the period. Avantax Advisory Services Inc. boosted its position in iShares Fallen Angels USD Bond ETF by 6.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 9,484 shares of the company’s stock worth $255,000 after acquiring an additional 553 shares during the period. Dynamic Advisor Solutions LLC boosted its position in iShares Fallen Angels USD Bond ETF by 3.9% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 17,928 shares of the company’s stock worth $470,000 after acquiring an additional 666 shares during the period. Wealth Advisory Solutions LLC boosted its position in iShares Fallen Angels USD Bond ETF by 1.5% during the 2nd quarter. Wealth Advisory Solutions LLC now owns 49,380 shares of the company’s stock worth $1,293,000 after acquiring an additional 727 shares during the period. Finally, Absolute Capital Management LLC boosted its position in iShares Fallen Angels USD Bond ETF by 9.1% during the 1st quarter. Absolute Capital Management LLC now owns 8,786 shares of the company’s stock worth $236,000 after acquiring an additional 731 shares during the period.

iShares Fallen Angels USD Bond ETF Trading Up 0.1 %

Shares of FALN stock opened at $27.10 on Thursday. The stock has a fifty day moving average of $26.78 and a two-hundred day moving average of $26.56. iShares Fallen Angels USD Bond ETF has a 1 year low of $24.12 and a 1 year high of $27.23.

iShares Fallen Angels USD Bond ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued a $0.1348 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.