Novare Capital Management LLC Buys 7,375 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Novare Capital Management LLC raised its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 12.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 68,086 shares of the company’s stock after purchasing an additional 7,375 shares during the period. Novare Capital Management LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $1,861,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of FALN. ICA Group Wealth Management LLC bought a new stake in iShares Fallen Angels USD Bond ETF during the fourth quarter valued at approximately $219,000. PNC Financial Services Group Inc. lifted its position in iShares Fallen Angels USD Bond ETF by 143.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,323 shares of the company’s stock valued at $88,000 after purchasing an additional 1,957 shares during the last quarter. Park Avenue Securities LLC lifted its position in iShares Fallen Angels USD Bond ETF by 9.0% during the first quarter. Park Avenue Securities LLC now owns 117,844 shares of the company’s stock valued at $3,165,000 after purchasing an additional 9,731 shares during the last quarter. LexAurum Advisors LLC lifted its position in iShares Fallen Angels USD Bond ETF by 12.5% during the first quarter. LexAurum Advisors LLC now owns 20,588 shares of the company’s stock valued at $553,000 after purchasing an additional 2,285 shares during the last quarter. Finally, FOCUS Wealth Advisors LLC bought a new stake in iShares Fallen Angels USD Bond ETF during the first quarter valued at approximately $1,806,000.

iShares Fallen Angels USD Bond ETF Trading Down 0.0 %

Shares of FALN stock traded down $0.01 during trading hours on Monday, hitting $27.06. 85,223 shares of the company’s stock were exchanged, compared to its average volume of 702,886. iShares Fallen Angels USD Bond ETF has a 12-month low of $24.12 and a 12-month high of $27.43. The business’s 50 day simple moving average is $27.07 and its 200-day simple moving average is $26.66.

iShares Fallen Angels USD Bond ETF Dividend Announcement

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