iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Stock Position Lifted by HF Advisory Group LLC

HF Advisory Group LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,657 shares of the company’s stock after buying an additional 5,567 shares during the period. iShares Fallen Angels USD Bond ETF makes up 2.0% of HF Advisory Group LLC’s holdings, making the stock its 6th largest position. HF Advisory Group LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $4,398,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Strategic Investment Solutions Inc. IL acquired a new position in iShares Fallen Angels USD Bond ETF in the 2nd quarter worth approximately $49,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of iShares Fallen Angels USD Bond ETF in the 3rd quarter valued at $55,000. Outlook Wealth Advisors LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the third quarter worth $203,000. Saxony Capital Management LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF during the third quarter worth $208,000. Finally, Detalus Advisors LLC acquired a new position in iShares Fallen Angels USD Bond ETF during the third quarter valued at $218,000.

iShares Fallen Angels USD Bond ETF Trading Up 0.1 %

Shares of FALN stock opened at $26.99 on Friday. iShares Fallen Angels USD Bond ETF has a twelve month low of $25.90 and a twelve month high of $27.43. The stock has a 50 day moving average of $26.96 and a 200 day moving average of $26.94.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a $0.1371 dividend. This represents a $1.64 annualized dividend and a yield of 6.09%. The ex-dividend date was Wednesday, December 18th.

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.