Cornerstone Planning Group LLC Buys 3,356 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Cornerstone Planning Group LLC boosted its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 3.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 90,771 shares of the company’s stock after purchasing an additional 3,356 shares during the quarter. iShares Fallen Angels USD Bond ETF accounts for about 0.5% of Cornerstone Planning Group LLC’s investment portfolio, making the stock its 19th biggest holding. Cornerstone Planning Group LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $2,461,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Western Financial Corp CA grew its position in shares of iShares Fallen Angels USD Bond ETF by 1.5% in the 3rd quarter. Western Financial Corp CA now owns 25,771 shares of the company’s stock valued at $705,000 after purchasing an additional 390 shares during the period. Insight Wealth Partners LLC increased its position in shares of iShares Fallen Angels USD Bond ETF by 0.5% during the second 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 in the last quarter. Avantax Advisory Services Inc. increased its holdings 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 purchasing an additional 553 shares in the last quarter. Invst LLC boosted its holdings in iShares Fallen Angels USD Bond ETF by 3.7% during the second quarter. Invst LLC now owns 17,461 shares of the company’s stock worth $454,000 after purchasing an additional 630 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its stake in iShares Fallen Angels USD Bond ETF by 3.9% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 17,928 shares of the company’s stock valued at $470,000 after purchasing an additional 666 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Trading Down 0.4 %

iShares Fallen Angels USD Bond ETF stock opened at $27.03 on Wednesday. iShares Fallen Angels USD Bond ETF has a 52 week low of $25.05 and a 52 week high of $27.43. The stock has a 50-day simple moving average of $27.13 and a 200 day simple moving average of $26.75.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a dividend of $0.1409 per share. This represents a $1.69 dividend on an annualized basis and a yield of 6.25%. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Friday, November 1st.

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.