Angeles Investment Advisors LLC Has $35.39 Million Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Angeles Investment Advisors LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 39.8% in the third quarter, Holdings Channel reports. The firm owned 1,294,400 shares of the company’s stock after purchasing an additional 368,400 shares during the quarter. iShares Fallen Angels USD Bond ETF comprises about 1.8% of Angeles Investment Advisors LLC’s portfolio, making the stock its 11th biggest holding. Angeles Investment Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $35,389,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in FALN. Cornerstone Planning Group LLC lifted its position in shares of iShares Fallen Angels USD Bond ETF by 3.8% during the 3rd quarter. Cornerstone Planning Group LLC now owns 90,771 shares of the company’s stock worth $2,461,000 after buying an additional 3,356 shares during the period. ESL Trust Services LLC boosted its position in iShares Fallen Angels USD Bond ETF by 0.4% in the third quarter. ESL Trust Services LLC now owns 1,115,111 shares of the company’s stock valued at $30,487,000 after buying an additional 4,218 shares in the last quarter. Executive Wealth Management LLC increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 10.6% during the third quarter. Executive Wealth Management LLC now owns 324,004 shares of the company’s stock worth $8,858,000 after buying an additional 31,055 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF during the third quarter worth approximately $235,000. Finally, HF Advisory Group LLC raised its stake in shares of iShares Fallen Angels USD Bond ETF by 4.8% in the third quarter. HF Advisory Group LLC now owns 159,090 shares of the company’s stock valued at $4,350,000 after acquiring an additional 7,352 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Down 0.4 %

NASDAQ FALN traded down $0.12 during trading hours on Wednesday, reaching $27.03. 866,076 shares of the company’s stock were exchanged, compared to its average volume of 711,270. The firm has a fifty day moving average of $27.13 and a 200-day moving average of $26.75. iShares Fallen Angels USD Bond ETF has a one year low of $25.05 and a one year high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were paid a $0.1409 dividend. The ex-dividend date was Friday, November 1st. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.25%.

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.