iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Shares Sold by Financial Life Advisors

Financial Life Advisors reduced its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 74.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,523 shares of the company’s stock after selling 38,736 shares during the period. Financial Life Advisors’ holdings in iShares Fallen Angels USD Bond ETF were worth $354,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in FALN. Diversify Wealth Management LLC acquired a new position in iShares Fallen Angels USD Bond ETF in the 2nd quarter worth $4,129,000. Williams Financial LLC acquired a new stake in iShares Fallen Angels USD Bond ETF during the 2nd quarter valued at approximately $247,000. Envestnet Asset Management Inc. increased its holdings in iShares Fallen Angels USD Bond ETF by 1.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,438,047 shares of the company’s stock worth $63,852,000 after purchasing an additional 26,058 shares during the last quarter. Bell Investment Advisors Inc acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the 2nd quarter valued at approximately $87,000. Finally, LPL Financial LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 3.7% in the 2nd quarter. LPL Financial LLC now owns 1,787,437 shares of the company’s stock valued at $46,813,000 after purchasing an additional 63,746 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

FALN stock opened at $27.20 on Monday. The firm has a 50 day simple moving average of $26.81 and a 200-day simple moving average of $26.57. iShares Fallen Angels USD Bond ETF has a twelve month low of $24.12 and a twelve month high of $27.23.

iShares Fallen Angels USD Bond ETF Dividend Announcement

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

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.