7,622 Shares in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Acquired by Saxony Capital Management LLC

Saxony Capital Management LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,622 shares of the company’s stock, valued at approximately $208,000.

A number of other hedge funds have also modified their holdings of the company. Asset Dedication LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF in the second quarter valued at about $34,000. Strategic Investment Solutions Inc. IL bought a new position in iShares Fallen Angels USD Bond ETF in the 2nd quarter worth approximately $49,000. Strategic Financial Concepts LLC grew its holdings in iShares Fallen Angels USD Bond ETF by 385.1% during the 2nd quarter. Strategic Financial Concepts LLC now owns 222,350 shares of the company’s stock valued at $58,000 after buying an additional 176,515 shares in the last quarter. Bell Investment Advisors Inc bought a new stake in shares of iShares Fallen Angels USD Bond ETF during the second quarter valued at approximately $87,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 143.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,323 shares of the company’s stock worth $88,000 after buying an additional 1,957 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Trading Down 0.1 %

Shares of FALN stock opened at $27.06 on Wednesday. The company’s fifty day simple moving average is $27.15 and its two-hundred day simple moving average is $26.68. iShares Fallen Angels USD Bond ETF has a 52 week low of $24.12 and a 52 week high of $27.43.

iShares Fallen Angels USD Bond ETF Dividend Announcement

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